Break-even for a firm occurs when it is able to cover its all cost of production. Accordingly, break-even point is defined as a situation when AR = AC. Under this situation, the firm earns only normal profit.  

The break-even point is graphically presented in the below figure. Break-even occurs at point Q. Here AR = AC. The firm is just making normal profits at break-even point.

Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship connected with land, labour, natural resources and capital can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and is an indispensable part of a nation’s capacity to succeed in an ever-changing and more competitive global marketplace.

Attitude is a set of mind, a set of views, or thoughts regarding some topics which have an evaluative feature.

The Cons of Entrepreneurship

1. You have to be the one making all of the decisions.
   It can be fun to be in control of the entire business process, but it can also be a burden at times. Some decisions can be rather difficult, especially if you need to lay off workers or terminate someone’s employment. Let’s not forget about all of the paperwork that comes with every decision that gets made, taking up a lot of personal time and energy along the way.
2. Entrepreneurship is a highly competitive environment.
   You’ve always got to be on your toes when it comes to modern entrepreneurship. You never know where the next competitor might show up and take some of your market share. Not only are you forced to constantly innovate, but you’re forced to be constantly differentiating your business from the rest of the competition. That alone can be a full-time job… and you’ve still got at least one other full-time job to do.
3. Leadership is a lonely world.
   Many people enjoy the perks of leadership and being an entrepreneur, but they don’t really enjoy the outcome. Friends are few and far between when working as an entrepreneur. There are long hours when there will be no one else around. Not only does this mean there isn’t companionship, but there is only one place to lay the blame should failure occur. Many entrepreneurs see days blur together just because they’re either working or they’re not working.
4. Income doesn’t usually happen on a regular basis.
   Business opportunities can speed up and they can slow down. Many first-time entrepreneurs make the mistake of planning their income on the good times instead of the bad times and they pay for it dearly. There is no such thing as a regular paycheck in entrepreneurship. There’s only the income that you’re able to take home today. That’s why so many entrepreneurs put in long days. The only guaranteed chance that they have is right now.