Edexcel GCSE Business · 1BS0
Specification 1.1.2 · Paper 1
A benefit that an entrepreneur may gain from starting or running a business.
Revise: Risk and RewardAn entrepreneur is someone who sets up and runs a business, taking risks in the hope of gaining rewards. Before starting, they must weigh the possible benefits against what could go wrong. A promising idea does not guarantee that enough customers will buy, that costs will stay affordable or that competitors will leave the business unchallenged.