Why do ethics matter in entrepreneurship?

          Ethics are extremely important to any entrepreneur venture. Entrepreneurs cannot survive and grow without fulfilling the ethical responsibilities of their company. Having good business ethics also gives your company a good reputation which is extremely important if you want to run a successful business. By maintaining good business ethics it makes sure everyone is happy and no one is doing what they shouldn’t be doing.

How does my own personal budget relate to an entrepreneurship budget?

            If my personal budget habits are bad my entrepreneurship budget habits will also be bad. Just like how our personal budget is a guide to see where our money is coming and going it is the same thing for our entrepreneurship budget. Personally I believe the two go hand and hand not only actually money but also bad or good habits correlate as well.

Why do we need budgets?

          Budgets help us not only as an entrepreneur but also as an everyday adult. Budgets create financial stability. This is done by tracking your expenses, income, and various other financial expenses. By planning it out it will help you prepare if something bad happens. A good budget is crucial for anyone who has stable finances. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term. Same goes for entrepreneurships as well.

What is social entrepreneurship?

             Social entrepreneurship is an approach where individuals, groups, start-up companies or entrepreneurs develop, fund, and implement solutions to social, cultural, or environmental issues. This essentially means the organization of a business is around a specific social and/or environmental cause. These businesses typically pursue opportunities to create social value.

What are the most significant legal issues entrepreneurs face?            

These are many legal issues entrepreneurs face. It is not an easy thing to get into this is why not everyone is an entrepreneur. Though there are many legal issues we face some more significant than others. One of the biggest issues is what is your company’s business structure. Depending on what type of company you are running dictates what legal issues you’ll face. A non-profit and an LLC don’t face the same legal issues. Intellectual property issues are another one many entrepreneurs face. Entrepreneurs need to make sure they are not infringing on someone’s intellectual property. These are just some of the many legal issues entrepreneurs face today.