Entrepreneurship: 6-5 Pitfalls of Becoming an Entrepreneur

What does Lori Greiner mean when she says, 'Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week'?

• Entrepreneurs prefer to work longer hours to avoid having a fixed schedule

• Entrepreneurs are willing to work more hours to achieve greater rewards

• Entrepreneurs work fewer hours to avoid burnout and stress

• Entrepreneurs work longer hours to avoid hiring additional employees

What is one of the challenges faced by entrepreneurs?

• Lack of accountability for their actions

• Limited decision-making power

• Feeling overwhelmed by the responsibility

• Lack of financial resources

What is a personal toll of being an entrepreneur?

• Having a stable work-life balance

• Enjoying regular vacations

• Experiencing emotional and physical drain

• Receiving consistent paychecks

Why should entrepreneurs ensure that their business is a true passion?

• To attract more investors

• To have a stable source of income

• To gain support from family and friends

• To avoid financial pressures

What is a common financial challenge faced by entrepreneurs?

• Receiving irregular paychecks

• Having a steady income from the start

• Avoiding the fear of losing invested money

• Experiencing financial stability

What is a recommended way to handle the challenges of entrepreneurship?

• Avoid networking and human connections

• Work independently without any partners

• Join an online entrepreneurial community

• Ignore the personal and professional rewards