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.Continue Reading
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
One of the primary benefits of becoming a doctor is high pay. While pay varies by the type of doctor, the U.S. Department of Labor reports that as of May 2013, the average annual pay is $183,940 for family and general practitioners. A primary drawback is the pressure to perform. MomMD notes that doctors spend heavily on malpractice insurance to protect against lawsuit risks from dissatisfied patients or family members.Full Answer >
Advantages of belonging to a union include higher wages than non-union workers, greater access to benefits and an increase in job security. These advantages are due to the power of collective bargaining unions enjoy because of the amount of members they bring to a negotiating table.Full Answer >
One advantage of taking employees through ethics training is that it emphasizes to them the value of professionalism at the workplace. This creates a conducive environment for other employees and a friendly atmosphere for clients. The training also teaches employees how to utilize the organization's resources for optimum productivity.Full Answer >
A main advantage of earning the Chartered Financial Analyst, or CFA, credential is that it can help the person appear better to investors due to the skills required and the ethical code the analyst must sign, notes Investopedia. Another advantage is that preparing for the exam enables the analyst to become more knowledgeable in the field, and earning the credential is generally less expensive than pursuing formal training in finance, explains Forbes.Full Answer >