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As an Entrepreneur, You are Free

The reality is that, at first, a startup will take over your life. You will be working more hours than you ever did
at your job. You might be on call at all hours.

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Entrepreneurship as a Career Option R
Is it possible to start
Entrepreneurship can be a good career option in many ways. There are many routes to a new venture or
becoming an entrepreneur. startup without risks?

Start a New Business Concept
You come up with a new idea for an innovative business and then figure out what resources are needed to
launch it — money, retail space, equipment, employees, and get started.

Buy a Franchise

Some people who have a strong desire to own their own business and be their own boss choose to buy a franchise.
Some find the franchise system works so well for them that they end up operating multiple stores for a single
franchiser.

Buy an Existing Business
If there’s no innovative idea of your own that you think would make a good business, you might consider
buying an existing business. This offers the chance to start out with an established small business that already
has an income stream and a core set of customers.

A franchise is defined as an agreement between a small business owner, the
franchisee, and the parent company, the franchiser. The parent company gives
the franchisee the right to sell the company’s products and often provides support
services like advertising and supplier relationships, in return for a franchise fee
and percent of the profits.

Single Person Firm
You can subcontract your skills and become a one person consulting or services firm. You have the advantage of
being highly focused and can offer your clients lower costs, specialised services, and greater flexibility than they
would have if they tried to hire full-time employees with the same skills.

Work from Home Business
This is one of the hottest areas in the economy today. Many small business ideas can be launched from home.
This can involve everything from stuffing envelopes to running an eBay business or starting your own website.

Advantages of Entrepreneurship as Career

v Independence: As an entrepreneur you can be your own boss.
v Ambition-fulfilment: You get the satisfaction of fulfilling your dream when your original ideas are converted
into a new product.
v Wealth Creation: It also allows entrepreneurs to create enormous wealth with their hard work.

v Status: It brings considerable fame and prestige.
v Excitement: Entrepreneurship provides adventure and is full of excitement.

v Freedom: Entrepreneurship allows the freedom to try out one’s ideas.
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