Merits of Entrepreneurship:
· If you are working for a boss and acompany, you need to meet all their requirements and only have very littlefreedom on the job. On the other hand, if you start your own business, you willbe able to make your own demands and set your own schedule. You dictateeverything you do, giving you a level of freedom that you will not see when youare employed.
· Reaping high profits by being anentrepreneur is one of the most important factors that motivate people tobecome one and take up all the challenges associated with it. The profits theircompanies and businesses make play a vital role in any decision made byentrepreneurs. Owning a business or a firm is the best way towards accumulationof wealth.
· As an entrepreneur, you can scheduleyour work hours around other commitments, including quality time you wouldspend with your family.
· Most entrepreneurs don’t believetheir work to be actual work. Most of them establish businesses closelyassociated with their interests. As such, there is no particular age forretirement of entrepreneurs.
· You don’t have a mortgage to pay or afamily to provide to. And even if you do badly for a while, family is there tohelp you and your living costs are lower .And even if you’re messing up bigtime, it’s not like you’re going to lose your lifelong savings (or maybe youdo, but we are not talking about huge amounts yet).
· Failure effects are easier
First, it’s not like you’re going tolose your house (or maybe it does, but it’s outside of the thinking for thislist), and even if shit hits the fan, you have the excuse that you are youngand inexperienced. Besides, being young gives you more time to try again and dothings better.