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Freedom rewards those who exercise it wisely. Some entrepreneurs succeed, and some fail.

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What risk is involved in having economic freedom?

Basically, a risk in economic freedom is having to face and accept the concequenses of their decisions. For example, if an entrepreneur starts a business that fails, the government usually won't help out.


What is the difference between labour and entrepreneurship as factors of production?

Labour is human physical and mental effort directed in a production process, and the reward for it is wage or salary. Entrepreneur is a self-driven factor employing all aspects of making a given product. Profit is the reward for that endeavor.


What is a big reward of entrepreneurship?

Many entrepreneurs actually chose to start out on their own because they seek freedom in many aspects of life. They don't want to be restricted to things that they can do, working hours or rules set by others in an office. The ultimate reward for entrepreneurs mostly come when their ventures become highly profitable, get acquired by a larger company or go through an initial public offering (IPO). Most of the time, these will provide an entrepreneur with ample options on whether to continue running the business or to cash out.


What is the difference between a commercial entrepreneur and a social entrepreneur?

what is the difference between a comercial entrepreneur and social entrepreneur


What economic rewards awaits the successful entrepreneur?

Rewards for EntrepreneursThe risks of becoming a full time entrepreneur can be great, but so can the rewards. Some people make the leap of faith simply on the vision of those potential rewards.PassionWorking because you love to do what you do can be one of the greatest rewards anyone can ever achieve.Great BossEntrepreneurs get to work for the greatest boss they have ever known, themselves.HoursBeginning the journey as an entrepreneur may take time, but one of the ultimate rewards comes with being in a position to set your own time schedule.LocationThe old adage about "the three most important things in realestate are: Location, Location, Location" holds true when becoming an entrepreneur. Having the ability to choose your own work location (or even have that location be mobile) opens up a door of freedom that few others seldom experience.Choosing when to step into the position of full time entrepreneur will be unique for each individual. The value of every risk and reward will have to be weighed and measured. Having a plan in place before beginning that debate will help you choose the right time to become a full time entrepreneur.

Related Questions

What does Amari say about freedom?

freedom is a reward from God i would like if you watch this video and also share it with friends to tell thew what is freedom from God Click here


How might an entrepreneur's success benefit you?

Being a successful entrepreneur can have many benefits. Entrepreneur's often find the freedom, fun, confidence, and skills that are gained from their business efforts are the most rewarding. And of course success in itself is rewarding!


Who would be most likely to define freedom as fair economic opportunity and reward - Martin Luther King Jr Margaret Sanger or Cesar Chavez?

Ceasar Chavez would define freedom as fair economic opportunity and reward.


What was the incentive for slaves in the roman empire to give good service?

The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.The prospect of freedom was their main incentive. A Roman slave had the option of buying his freedom, as they were allowed savings. However many times the masters would free them as a reward for good and loyal service.


How would Cesar Chavez be most likely to define freedom?

Fair economic opportunity and reward.


What was the main reason that African-Americans fought in the Revolutionary war?

they were promsie their freedom as a reward for their service


What was the reason that enslaved African Americans fought in the revolutionary war?

they were promsie their freedom as a reward for their service


How would Caesar chaves be most likely to define freedom?

Fair economic opportunity and reward


What were two ways that enslaved people could gain freedom?

Enslaved people could gain freedom by purchasing their freedom through savings or financial support from others. They could also be granted freedom by their enslavers as a reward for loyal service or in a will.


What is sunil shetty known for?

Sunil Shetty is a famous Bollywood actor, producer, and entrepreneur. He is most famous for winning a reward for being the villain in the Bollywood film Dhadkan.


Which statement most accurately explains how justice is different from freedom and liberty?

justice includes punishment and reward


Can An entrepreneur be a business manager but a business manager cannot be an entrepreneur?

You can look at it as follows: An entrepreneur is an individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. According to Wikipedia - An entrepreneur is a person who has possession over a company, enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. Source: Answers.com Source: Wikipedia