Learning Objective
Key Terms
Self-Employment
Advantages of Self-Employment
Entrepreneur
Disadvantages of Self-Employment
Among other things, expenses may include:
Getting Started in Business
The main aims of Monsha’at are:
FIGURE 1.3.1 Different Ways of Structuring a Business
Is Entrepreneurship Right for You?
How could you develop the qualities needed to be an entrepreneur?
Could you be an entrepreneur? What business would you start when you leave education and/or gain some work experience?
There are no disadvantages to being an entrepreneur.
Which of the following is a reason why a new business owner might not be able to hire others to do the work at the beginning?
Which of the following is NOT a way of structuring a business?
Which of the following is a disadvantage of self employment?
A business plan is useful when applying for business loans or investment.
Profit is the amount of expenses left after all revenues are deducted.
