Title: Explain the risks, rewards, and requirements of entrepreneurship.
Course: Business Management (12052-36) > Section: Differentiating the Organization and Characteristics of Business

Explanation may include

- risks
  - sole responsibility for success
  - personal financial risks
  - lack of financial security
  - loss of personal time
  - potential for decline in health
- rewards
  - hands-on management
  - creative freedom
  - income source for local economies
  - potential for significant financial rewards
  - potential for a flexible schedule
- requirements
  - initial investment
  - development and implementation of business plans
  - multiple roles for owner (e.g., management, accounting)
  - long hours
  - hiring and firing.