Talking about entrepreneurship, we say that running your own business is a risk. That is true, but running a franchise is also a risk. Running a franchise, you don't own the business, as the book says,"But most employees have one thing in common—they do not own the business; they work for others who do. They know how much money they can earn, and that amount is limited to salary or wages," pg 4. If you're an entrepreneur and your business fails, at least you're only hurting yourself, and not the franchise. If you're working for a franchisor, and you fail to keep people coming in, you not only hurt yourself, but also hurt the franchisor because they put money into you to open their business.
Entrepreneurs have their own goals, in the book it states what might be some goals for entrepreneurs. "Recognition from peers and others could also be a goal. Financial success may be just one of many measures of achievement for an entrepreneur." pg. 5. Whether it's to look for happiness. "What makes a business work is not only profitability and cash flow. Each entrepreneur has his or her own goals and objectives for the business. As an entrepreneur, it will be up to you to determine how you want your business to be and to make it happen." pg. 24. When you do your own business with your own values and goals and it becomes successful, there is no greater accomplishment, especially a goal that you've set for yourself.
With the fulfillment aspects of benefits of being an entrepreneur, it ties in with recognition, financial rewards, and ownership of something. I think the real benefit is the independence knowing you don't have to rely on someone once you've made the business successful.
No comments:
Post a Comment