Entrepreneurship as Career Option

ENTREPRENEURSHIP AS CAREER OPTION The vast majority of humanity beings direct their activities towards earning a living, generating wealth and improving their standard of living. You provoke choose your line of achievement from two broad categories of options Wage practice or Entrepreneurship. The term career signifies a continuous, of all time evolving, ever expanding opportunity for personal as well as condescension growth and development. We may define entrepreneurship as a career in your proclaim business [YOB] rather than wage business [JOB] .If you opt for a job then you ill doing for others. In case you opt for entrepreneurship you will be your own boss. In case of wage employment ace is set-aside(p) in routine work carried on for others for which he receives net income or wages. He has to follow instructions and execute plans place down by his superior. One can choose to be employed in Government Service or the state-supported orbit or the Private sector. Some of the main differences among entrepreneurship and wage employment career options are as at a lower place: Wage Employment Entrepreneurship Work for Others Own Boss number Instructions Make own plans Routine Job imaginative activity Earning is fixed, privy be proscribe never negative sometimes, generally surplus Does not create wealth Creates Wealth, contributes to gdp.

Can choose from- Can choose from- Government service exertion Public Sector Trade or Private Sector Service Enterprise In the context of employment times the three terms- Income generation, Selfemployment and Entrepreneurship are often used interchangeably. Income generation is the initial stage in the entrepreneurial process in which one tries to generate surplus or profit. They are often taken on part- time or casual basis to improver income e.g. a man with some surplus money baron put his money in a fixed down payment account in a bank or a chit -fund to earn some interest. Self-employment is the second stage in the... If you want to get a full essay, order it on our website: Orderessay

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