ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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classical entrepreneur
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first generation entrepreneur
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private entrepreneur
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public entrepreneur
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Detailed explanation-1: -Classical entrepreneur is one who starts his own venture as a family business. They are called life timers. They engage in business as a matter of routine. Their prior exposure to business environment impels them to commence venture of their own.
Detailed explanation-2: -Classic entrepreneurs are risk-takers who start their own companies based on innovative ideas. Some classic entrepreneurs are micropreneurs who start small and plan to stay small. They often start businesses just for personal satisfaction and the lifestyle.
Detailed explanation-3: -They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Entrepreneurs commonly face many obstacles when building their companies.
Detailed explanation-4: -When starting their own businesses, entrepreneurs are not motivated by what you may think. The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.
Detailed explanation-5: -Start the day by relaxing. You will find yourself constantly exhausted if your brain is always running. Plan for your week. Spend time catching up on news. Compartmentalize instead of multitasking. Organize your workplace. Take daily notes. Make personal connections. 27-Oct-2021