What are the advantages and disadvantages of enterprenureship?

Answer 1

That's a pretty general question to which I've posted a general answer.Ultimately though, it is case specific. Advantages: 1)It gives you scope to explore your creative potential in areas of personal interest. 2)If you make it big, you get rich. If you dont, you have the experience anyway. 3)It sets you apart from the crowd plus you can operate in markets where the trend is pretty stable and opportunities dont run out soon. Disadvantages: 1)It's a pretty high risk financially especially if your company is a proprieter owned or a partnership as it puts you on infinite liability. 2)You may get into legal trouble if you dont follow protocol for any reason. 3)If you do make it, you'll have to watch out for big fish who want to swallow you up by a takeover.