There are various ways in which a person can improve his lifestyle by increasing or reducing the economic status they are. Many people in our society today are actually employed since they are all brought up knowing that they would go to school and then graduate and get employed. The scope of the society has now changed where even those who do not attend schools employ those who actually went to school. It has been discovered that most of the rich people in the world are those who are self-employed and are entrepreneurs.
Many businesses and entrepreneurship opportunities have now been grabbed by majority of the people who are risk takers since they know the benefits entrepreneurship. Basically, entrepreneurship is the capacity and the willingness of a person to organize, develop and manage a business venture in order to make maximum profits. The main challenge of the entrepreneurship is that it can collapse at any time when the owner of the venture makes poor decisions or fails to control the business in the right manner or maybe due to the economic crisis experience at specific moments.
In many countries around the world, you would realize that entrepreneurship has been encouraged among the citizens so much since in so doing it would also be improving the country’s economy. Entrepreneurship is like self-employment as you become your own boss where you can control the business at your own comfort without the pressure from any other person and you could do what you want to ensure that your business grows. The existence of the advantages of entrepreneurship has lured and encouraged many people to invest in various business for instance the real estate investment which earns one a lot of income.
You could be employed to do a particular or specific job and hence with entrepreneurship, it enables you to break the monotony and get to learn new skills of developing your life even more. Entrepreneurship involves business and at the same time business involves buying and selling of products therefore when you become an entrepreneur you get to learn the new skill of being a sales person.
You would find that employed people would want to depend much on what they get from the work they do and therefore to balance their work life they can invest in businesses so that they get more. On the other hand, you might find that you could be earning less amount of money from your salary and hence entrepreneurship would actually give you more than the employment. Entrepreneurship also contributes to seizure of your independence where you can depend on yourself for the case where you are fired from your job. Working under a boss could be wanting especially when given transfers to places you don’t like but for entrepreneurs you work where you want.