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Note that your final mark will not be saved in the system.
1.1.2 Risk and reward MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
This reward of starting a business would be that the entrepreneur may get a better work–life balance from starting their own business.
Lack of job security
This reward of starting a business would be that the entrepreneur can be independent.
This reward of starting a business would be that the entrepreneur gets to keep the profits that the business makes.
This reward of starting a business would be better working conditions.
Financial loss
This reward of starting a business would be that the entrepreneur could be their own boss.
This reward of starting a business would be that an entrepreneur gets to make their own decisions.
Business failure
Define the risk: An entrepreneur may give up a regular job to start their own business.
Define the risk: An entrepreneur may lose their savings if the business is unsuccessful.
Define the risk: A business suffers from cash flow problems and has to close.
Identify the business reward: An entrepreneur starts up their own company because they want to make decisions about the location and the work premises.
Identify the business reward: An entrepreneur starts a business because they would like more control in their working life.
Identify the business reward: An entrepreneur creates a business which is successful and has good sales levels. This creates revenues which are higher than the costs of the business. This money can be kept by the business owner.
Identify the business reward: An entrepreneur may choose to start their own business so that they can work alone, and not have to answer to anyone else. They would make sole decisions and choices about the business.
Identify the reward of business: An entrepreneur starts a business so they can choose when and where they work. This helps them to juggle their time in the business and their time with their family.
Identify the business reward: An entrepreneur starts a business so they can have complete control over the business on a strategic level. They get to chose what happens in the business, what it sells and how it evolves.