How can enterprenuership serve as plan B if you don't get a job or acceptance to a Hei

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Business

Yamilet Meadows

13 June, 05:20

How can enterprenuership serve as plan B if you don't get a job or acceptance to a Hei

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Charlie Santana · Answer 1

Just like a job, Entrepreneurship is one of the option to generate income.

The thing that differentiate Entrepreneurship and a Job is the potential risk and benefits. Entrepreneurship tend to have higher risk of failure compared to a job. But, it also possess the higher potential of income.

If you don't get a job and want to turn to entrepreneurship, the first things you need to get are ideas & Capital.

Ideas determine the type of business that you want to make along with marketing strategy and market market. Your capital is the resources that you need to make your ideas into reality.

Capital could be obtained from Loan, savings, or investment.

For example, One of the sector with lowest Capital is Software, internet content, or digital marketing. But you have to have enough skill in coding or art. you can Find the learning resources for practically zero cost online.