REWARD AND COSTS OF BEING AN ENTREPRENEUR

 REWARDS FOR BEING AN ENTERPRENEUR

1. Self-actualization/personal fulfillment.

2. Feeling of freedom and independence.

3. Providing jobs and benefits others e.g suppliers, bankers, sub-contractors, work force and customers.

4. Creating economic value e.g products/services, incomes for workers, it’s for shareholders.


COSTS OF BEING AN ENTREPRENEUR.

The entrepreneur;

1. works long hours.

2. is always concerned about the business.

3. needs high energy.

4. sacrifices other important aspects of life.

5. has limited social life.

6. does not have much time with family and friends.

7. needs financial investment.

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