The five disadvantages of entrepreneurship are uncertain incomes, lack of fixed working hours, risk of failure, lack of investors and increased stress. Entrepreneurship are the activities needed to establish a company. It has a lot of advantages and disadvantages. Another possible disadvantage of entrepreneurship is the lack of a clear work-life balance.
The stages of business development can sometimes fail due to the life cycle of the business enterprise.
Entrepreneurs
can only harvest in the pre-start-up stage, because they compete with other industries. This competition creates a potential threat that they couldn't resist; therefore, they buy the patent to protect their business. In the early stage, entrepreneurs face increasing risk and potential for business failure because market demand is not very certain and the benefits are lower.However, most entrepreneurs are likely to harvest and sell the company based on current performance in the growth phase. However, in the maturity phase, sales and profits decrease and there are many competitive pressures on the distribution elements. Finally, during the period of decline, sales and profits decline rapidly due to the poor strategic position in entrepreneurs' business prospects. Entrepreneurship is a rewarding yet challenging journey that has its own set of unique disadvantages.
