Entrepreneurship is attractive to people because it allows them to be their own boss. However, entrepreneurs face many challenges such as obtaining start-up capital and not having a regular salary.Know More
An advantage of entrepreneurship is the ability to set a personal schedule. Entrepreneurs can choose what hours to work and have the flexibility to adjust work hours to spend more time with family. In addition, unless they have partners, entrepreneurs have complete control over business decisions. If a business is profitable, the ability to earn more money is larger than it would be working for another company.
One disadvantage of entrepreneurship is being responsible for all aspects of the business. An entrepreneur must handle everything from sales to accounting to product development, even if these tasks are not favorites. Alternatively, an entrepreneur must find, hire and manage employees to complete the tasks. In addition, if business slows down, the entrepreneur's income decreases.Learn more about Careers
Working alone allows focus and prevents distraction, however, it eliminates collaboration and creative problem solving that often comes from sharing ideas with a group. Working in a group allows brainstorming and building conclusions that consider multiple perspectives. The downside of working in a group is that progress is often slower due to group discussion and debate.Full Answer >
Multimedia sources make communication and learning easier for people all over the world, but it can be expensive to create and difficult to configure. For most people, multimedia is easy to understand and convenient to use, and making presentations is simpler because a single multimedia source can be used to convey a message or concept in different ways to an audience. However, some forms of multimedia are incompatible with the hardware and software that a person or entity has. In addition, it may take significant resources, manpower and skill to create multimedia forms.Full Answer >
Some of the most obvious advantages of public welfare include a greater level of equality amongst citizens, happier people and less crime. Some of the greatest disadvantages of welfare include high tax rates and large government deficits to support the programs. Welfare programs are also thought to create a system that favors high unemployment and low productivity amongst those receiving benefits.Full Answer >
Intuit TurboTax allows many people to file their federal taxes for free, and the popularity of the system means that many individuals and professionals are familiar with the software; however, TurboTax costs money for people with more complex tax reports. Paying state taxes generally costs money as well.Full Answer >