1.1.1. Entrepreneurial advice [Longer]

For this activity:

You will need access to The Internet and to write down your answers in your Mahara e-portfolio

Entrepreneurial Advice

A group of new students in your entrepreneurship class were heard arguing that entrepreneurship has only positive benefits. What advice would you give to them about this? Are there any drawbacks?

In order to give good advice to the students and to show that your advice is grounded in fact, you should do some research. Use the internet to discover the reasons that drive people to become entrepreneurs and the rewards they can achieve. You may want to look at any barriers to becoming an entrepreneur and the rates of failure which you might consider to be drawbacks.

You should make sure that you use at least three sources when checking that a fact is correct. You should try and limit your sources to reputable websites such as news websites or sites that are maintained by well-known and respected organisations.  

Once you are sure you have reputable sources, then compile a list of positive factors and a list of drawbacks of being an entrepreneur. It might be useful to include a short explanation for each factor in case you are asked to explain your reasons.

Once you have your two lists and are happy with them, think about each side of the argument or debate and consider your advice.

Write a paragraph and explain the advice you would provide to the students. Be sure to justify the advice you give with evidence from your research.