Outline three reasons why a person would consider becoming an entrepreneur:
(i)
(ii)
(iii) - Leaving Cert Business - Question 3 - 2013
Question 3
Outline three reasons why a person would consider becoming an entrepreneur:
(i)
(ii)
(iii)
Worked Solution & Example Answer:Outline three reasons why a person would consider becoming an entrepreneur:
(i)
(ii)
(iii) - Leaving Cert Business - Question 3 - 2013
Step 1
(i) To be your own boss
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Answer
Many individuals are drawn to entrepreneurship because it allows them to be their own boss. They appreciate the freedom and independence that comes with making their own decisions without having to answer to a supervisor or manager.
Step 2
(ii) To make money or profit
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Answer
Entrepreneurs often pursue business ventures with the primary goal of generating profits. The potential for financial gain is a significant motivator, especially if they believe they can offer products or services that fill a market need.
Step 3
(iii) To create employment
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Answer
By starting their own businesses, entrepreneurs can also create jobs for others. This not only contributes to the economy but can also provide a sense of fulfillment in knowing that they are helping others find work.
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