Risks and Rewards
flexible lifestyle, innovative ideas, see opportunities where others see problems
Why do people become entrepreneurs?
using an existing idea
What is a small business?
the study of the production, distribution, and consumption of goods and services
What is economics?
difficulty establishing clients, no paid time off, inconsistent income
What are the disadvantages of self-employment?
aren’t afraid to fail and are creative, courageous, and hard-working
What is an Entrepreneur?
What contributions do entrepreneurs and small businesses make to the economy, domestically and globally?
being your own boss, no limits to income
What are the advantages of being self-employed
both involve owning a business
What do small businesses and entrepreneurs have in common?
communication technology, A.i., hybrid workplaces
How is technology shaping the future of entrepreneurship?
financial risk, competitive risk, reputational risk
What are the advantages and disadvantages of being self-employed?
critical thinking, grit, collaboration
What are the characteristics of an entrepreneur?
GDP, CPI, Unemployment Rate
What are economic measurements?