CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship: Concept and Functions4 Marks
Question
Discuss irregular income, incompetent staff and irregular working hours as disadvantages of entrepreneurship.
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Answer
Irregular income Starting-up an enterprise means that the person must be willing to give up the security of a regular source of income.
Incompetent staff Most of the time, an entrepreneur works with such people who do not have the experience of work. Also, employees are not willing to make extra efforts to learn the trade. Hence, an entrepreneur has to deal with all such employees which increases his/ her burden.
Work schedule One cannot predict the work schedule of an entrepreneur, an emergency can come up, in a matter O of a second and late hours may become the norm.
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