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1.2 Potential rewards and drawbacks for risk ta... - Match-up

Match-up definitions and answers with key terms and examples. Press submit to check your answers.

Financial reward
Independence
Self-satisfaction
Making a difference
Financial risk
Health and wellbeing
Work-life balance
Personal relationships
Calculated risk
Risk


Answers
Exposure to the possibility of loss or danger when starting or running a business.
Taking a chance after carefully assessing the advantages and disadvantages of the possible outcomes.
Using personal savings, loans or a home to fund a business and possibly losing everything.
Being in charge of decisions, working hours and the type of work undertaken.
Gaining money, profits or a comfortable lifestyle as a result of starting a business.
Stress and worry from business uncertainties causing mental and physical problems.
Difficulty dividing time between running a business and leisure, leading to long hours and less relaxation.
A sense of achievement from helping others, learning new skills or building something successful.
Creating a positive impact such as improving sustainability, animal welfare or reducing inequality.
Pressure on family life and friendships caused by long hours spent running the business.
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