HW 3.

1 Entrepreneurship
Quismundo, Jeannina Carmelle
12-STEM
2/20/23

1. Having salaried employees can provide entrepreneurs with a number of benefits that can help
them run their businesses more efficiently and effectively. Salaried employees are typically paid
a fixed amount on a regular basis. By which can provide entrepreneurs with a sense of
consistency and predictability when it comes to their business expenses. This can make it easier
to budget for payroll costs and plan for future growth. When employees are salaried, they may
feel more invested in the success of the business leading to increased productivity and better
overall. Lastly, in some cases, employing salaried workers can help entrepreneurs stay in
compliance with labor laws and regulations.

2. Being an entrepreneur can be incredibly rewarding, yet we should be aware that at the same
time it also has its corresponding potential struggles and challenges involved. Starting a business
often requires a significant investment of money, and there is no guarantee of success.
Entrepreneurs may struggle with financial uncertainty as they work to grow their business and
generate revenue. It also requires a significant amount of time and effort, since many
entrepreneurs work long hours, including weekends and holidays. Which take a toll on their
physical and mental health, as well as their personal relationships. Above all, the greatest risks of
being an entrepreneur is prospectively facing failures of their business. This can be a difficult
and demotivating experience, particularly if they have invested a significant amount of time,
money, and energy into their business.

3. Jose Concepcion III is a successful entrepreneur and businessman in the Philippines. These are
the top 3 qualities that have helped him succeed in the field of business: Jose Concepcion III is
passionate about entrepreneurship and is driven by a desire to create positive change in his
community. This passion has helped him to stay focused and committed to his goals, even during
challenging times. Jose Concepcion III places a strong emphasis on understanding the needs and
desires of his customers. This customer-centric approach has helped him to develop products and
services that meet the needs of his target market and build strong, loyal customer relationships.
Finally, As an entrepreneur, Jose Concepcion III has faced numerous challenges and setbacks.
However, he has demonstrated resilience in the face of adversity, bouncing back from setbacks
and continuing to push forward. This is one of the traits that an entrepreneur should have within
themselves.