Entrepreneurship is based on the ability to make a living by working on your own initiative, typically by following your passions. Entrepreneurs need to coordinate and align their skills and resources to form a profitable and sustainable business. But, more than that, they need to operate within fast-paced environments and situations that require inspiration, adaptability, self-initiative, and analytical thinking.

Considering the current economic and employment landscapes across the nation, we are seeing the "startup revolution" flourish. There has never been a better time or place to learn the skills necessary for entrepreneurship.

Use examples to explain your thoughts and ideas based on the following questions:

• What are the benefits and challenges of being able to work on your own initiative (building and operating your own company)?
• By contrast, what are the benefits and challenges of working for someone else in a j.o.b.?