TA1 - Rewards and drawbacks from risk-taking

Front

Identify the four main rewards of risk-taking: Financial, independence, self-satisfaction, making a difference

Back

Financial, independence, self-satisfaction, making a difference

Front

Identify the four drawbacks of risk-taking: Financial, independence, self-satisfaction, making a difference; Financial, Health/wellbeing, Work-life balance, personal relationships

Back

Financial, Health/wellbeing, Work-life balance, personal relationships

Front

Identify the reward of risk-taking: An entrepreneur successfully sells products and services to make a profit.

Back

Financial

Front

Identify the reward of risk-taking: An entrepreneur may want to be in control of their own career and not work for others, than be focused on profit.

Back

Independence

Front

Identify the reward of risk-taking: An entrepreneur might employ people who might find getting a job difficult, rather than being focused on gaining profits.

Back

Making a difference

Front

Identify the reward of risk-taking: An entrepreneur might turn a hobby they enjoy into their business.

Back

Self-satisfaction

Front

Identify the drawback of risk-taking: An entrepreneur might invest their own money into a business and lose it, if the business fails.

Back

Financial

Front

Identify the drawback of risk-taking: Setting up a business can take time and create worries and pressures which can lead to wellbeing difficulties.

Back

Health/wellbeing

Front

Identify the drawback of risk-taking: Entrepreneurs need to take time away from work, build in relaxation time and learn to say no!

Back

Work-life balance

Front

Identify the drawback of risk-taking: Positive relationships with family and friends are vital. Success can be shared with the.

Back

Personal relationships