- Why do ethics matter in entrepreneurship?
Ethics matter because how ethical your business venture is might change who wants to partake in your product. For example, some people are outspoken against farming in today’s society because they believe it is harmful to the animals and exploitative; if you wish to go into business in the farming industry, this will be one of the things you have to address and take backlash from.
- How does my own personal budget relate to an entrepreneurship budget?
A personal budget relates to an entrepreneurship budget because your ability to balance your own budget can shed light on how well you might balance the budget of an organization.
- Why do we need budgets?
We need budgets because, in most cases, money is not endless and there is a finite limit to what can be spent and allocated. Without a budget, overzealous spending could occur and put the entrepreneurship into a state of financial ruin.
- What is social entrepreneurship?
Social entrepreneurship is an entrepreneurship that is not mainly focused on making a profit but rather improving upon society and creating new ways to make life better. Many social entrepreneurships will try to do something like lessen the carbon footprint by building solar panels for renewable energy, for just one example.
- What are the most significant legal issues entrepreneurs face?
One of the most significant legal issues entrepreneurs face is making sure the money from the organization is recorded correctly so that taxes can be paid without tax fraud. Another big issue is lawsuits from customers who might have been slighted by the business and are suing for something like being injured on the premises or false advertising.