In this day and age, people are gravitating towards entrepreneurship and choosing to be self - employed than struggling to find a high paying job. Subsequently. there could be myriad possible reasons why people are inclining towards this trend, the most salient reason might be the freedom of choosing your own time and salary that comes with being your own boss. And also there are many risks associated with any businesses which the owner needs to take care of like failure in financial planning and change in government policy.
The most prominent reason for choosing entrepreneurship by the common individual is the freedom that comes along with it. In this way, one can follow their passion and can turn it into a profitable business where they can choose their own working hours, salary and working style. In India, for example, there are many recently launched governments policies which promote people to start their own venture This helps the government to increase countries economy and more employment at the same time. With a flexible policy of lawmakers and perks associated, people are choosing to be there own boss.
However, there are possible demerits that come along. Investing in any business does not give the surety that it will a successful one. Sometimes even change in government policy, new technology and not having proper financial planning leads to a big loss in a new start-up. For instance, Cafe coffee day a very successful venture in India failed after 15 years just because of poor financial decisions by the C. E. O. of the company. There are many aspects that need to be taken care, otherwise one can lose drastically.
In Conclusion, starting your own venture looks very lucrative from outside but there are many risks that need to be handled properly. People need to address all the problems effectively and must enjoy the entrepreneurial journey. By doing business one can help themselves and also create job opportunities for many who are looking for employment.
In this day and age,
people
are gravitating towards entrepreneurship and choosing to be self
-
employed than struggling to find a high paying job.
Subsequently
.
there
could be myriad possible reasons why
people
are inclining towards this trend, the most salient reason might be the freedom of choosing your
own
time and salary that
comes
with being your
own
boss. And
also
there are
many
risks
associated with any
businesses
which the owner
needs
to take care of like failure in financial planning and
change
in
government
policy.
The most prominent reason for choosing entrepreneurship by the common individual is the freedom that
comes
along with it. In this way, one can follow their passion and can turn it into a profitable
business
where they can choose their
own
working hours, salary and working style. In India,
for example
, there are
many
recently launched
governments
policies which promote
people
to
start
their
own
venture This
helps
the
government
to increase countries economy and more employment at the same time. With a flexible policy of lawmakers and perks associated,
people
are choosing to be there
own
boss.
However
, there are possible demerits that
come
along. Investing in any
business
does not give the surety that it will a successful one.
Sometimes
even
change
in
government
policy, new technology and not having proper financial planning leads to a
big
loss in a new
start
-up.
For instance
,
Cafe
coffee day a
very
successful venture in India failed after 15 years
just
because
of poor financial decisions by the C. E. O. of the
company
. There are
many
aspects that
need
to
be taken
care,
otherwise
one can lose
drastically
.
In Conclusion
, starting your
own
venture looks
very
lucrative from outside
but
there are
many
risks
that
need
to
be handled
properly
.
People
need
to address all the problems
effectively
and
must
enjoy the entrepreneurial journey. By doing
business
one can
help
themselves and
also
create job opportunities for
many
who are looking for employment.