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What are the advantages and disadvantages of an entrepreneur and how effective is it for an entrepreneur?
Wiki User
∙ 9y ago
Entrepreneurs have the opportunity to earn high profits above and beyond most jobs available. Entrepreneurs must gage the relative opportunity cost associated with any business they pursue; opportunity cost is the cost associated with choosing one business over another. The advantages are clear; the opportunity to make more money than he otherwise would working for somebody else. Two main disadvantages are monetary risk and time it takes to start a successful business.
Wiki User
∙ 9y ago
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