Disadvantages Of An Entrepreneur Research Paper

ENTREPRENEURSHIP PROJECT

Business Studies

1. Entrepreneurship 2

2. Entrepreneurial Qualities and skills 3

3. Advantages and disadvantages 4

4. Contribution to the economy 7

5. History of Oprah Winfrey 9

6. Oprah’s Entrepreneur achievements 9

7. Oprah’s timeline 11

8. Interesting facts 13

9. Conclusion 14

10. Bibliography 15

Entrepreneurship is the ability to transfer ones resources in response to changing circumstances. Starting a business from scratch at its core includes everything from the idea origin to managing the company for the long run.

Richard Branson said: "What is an entrepreneur? An entrepreneur is someone who wants to make a difference to other people's lives.

"If you can create something a difference

Entrepreneurs are a big force in our economy, providing products and services as well as creating employment which increases the country’s GDP.

3. Advantages and Disadvantages of being an Entrepreneur

Salary:

Advantages:

• Becoming an Entrepreneur means that you benefit from the hard work you put into the business

• An Entrepreneurs income is dependent on the business success.

Disadvantages:

• Becoming an Entrepreneur often means that you don’t get a regular pay check.

• If the business is not successful then you are personally liable and this can impact your family and the families of the people that are employed by you.

Flexibility:

Advantages:

• Entrepreneurs can be more flexible with their work hours.

• Entrepreneurs are able to choose when to take time off and the amount of time they take off and work the schedule that suits them best.

Disadvantages:

• Entrepreneurs work schedule can be unpredictable because it can be changed due to the fact that is flexible.

• Although an Entrepreneurs schedule is flexible they often have to work really long hours normally during the start-up phase of the

In 1986 Oprah Winfrey launched “The Oprah Winfrey Show”. I think this is one of the best talk shows ever produced because it relates to everyone ranging from high earning celebrities to normal everyday people. This makes it interesting and appealing to most people as they can relate to the variety of topics that are discussed on the show. Unlike most talk shows nowadays, The Oprah Winfrey Show had such a huge following because it did not only focus on success stories of famous people but also on inspiring life- changing ones that basic, everyday people like you and I have lived through.

Oprah Winfrey started a school in South Africa called the “Oprah Winfrey Leadership Academy for Girls‘’. The school is a girl only boarding school it opened in January 2007 in Henley on Klip, South of Johannesburg. Oprah opened the school which was encouraged by her dreams and her unfortunate past; Oprah stated that she founded the leadership Academy to offer an education and leadership opportunities for talented girls from underprivileged and troubled backgrounds in South Africa who displayed leadership abilities for making a difference in the