three important reasons why a person would choose to be an entrepreneur instead of an employee can be highlighted through the following p

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The three important reasons why a person would choose to be an entrepreneur instead of an employee can be highlighted through the following points:

Step 2

Sense of Accomplishment:

People who are more self-driven and have a deep sense of achievement and desire for self-accomplishment are never satisfied with a mediocre life which employment brings and they rather want to speed up the process of their growth and development so they are more motivated to start something of their own which can bring them prosperity, status, power, and recognition.

They don't want to have a boss:

The people tend to show more inclination towards leading than to be ruled. They have leadership skills and want to do work their way. They don't do well with regulations, rules, and policies that working as an employee brings and want to rather work independently. People prefer being an entrepreneur to avoid authority and restrictions laid down on them by bosses so they would avoid being an employee.

They have great ideas and are risk-takers:

People prefer to go for entrepreneurship rather than employment because they like challenging tasks and have a great risk-bearing capacity to try new ideas and conceive innovations. Entrepreneurs are people with great ideas and "open to experiences" attitude. Their personality motivates them to become an entrepreneur instead of an employee.

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