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Outline two reasons why a person might become an entrepreneur. - Leaving Cert Business - Question C - 2018
Question C
Outline two reasons why a person might become an entrepreneur.
Worked Solution & Example Answer:Outline two reasons why a person might become an entrepreneur. - Leaving Cert Business - Question C - 2018
Step 1
Freedom to do new things
Answer
One of the primary reasons a person might become an entrepreneur is the desire for freedom and autonomy. Entrepreneurs often seek to escape the constraints of traditional employment, as there is no set job description for them. This allows them to explore innovative ideas, set their own schedules, and pursue their passions without being bound by corporate policies.
Step 2
Earn more income
Answer
Another compelling reason is the potential for higher earnings. While traditional employees earn a fixed wage, entrepreneurs can retain all profits generated by their businesses. As their ventures grow and become successful, their earning potential can significantly exceed that of a regular job, making entrepreneurship an attractive career choice.