Risk of going to Business or Entrepreneurship

RISKS OF GOING INTO BUSINESS OR ENTREPRENEURSHIP

Possibility of failure

There is always the possibility of failure – a single wrong business decision
can bring a business to bankruptcy.

Unpredictable business conditions

A small business is vulnerable to sudden changes in the business
environment. In a fast-paced industry, a small firm may not have the financial
capability or the organizational capacity to respond adequately to new
opportunities and their concomitant problems.

Long hours of work

A prospective entrepreneur must be ready to spend most if not all his
waking hours in the business. Also, family time and personal affairs may be
sacrificed

Unwanted or unexpected responsibilities

The entrepreneur may eventually find himself saddled with management
responsibilities he did not bargain for.

Sources: www.dti.gov.ph

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