ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Challenges of Entrepreneurship
A
Getting funds to start the business
B
Being fully responsible for the business
C
Income risk
D
d. All of the above
Explanation: 

Detailed explanation-1: -2.1 Cash Flow Management. 2.2 Time Management. 2.3 Hiring Of Employees. 2.4 Choosing The Product. 2.5 Delegation Of Tasks.

Detailed explanation-2: -Entrepreneurs are known for constantly brainstorming and having new ideas on how they can capitalize and make more money. While having these unique ideas are a good thing, they can become overwhelming if you lack enough focus to narrow down your options to the ones with the most potential.

Detailed explanation-3: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-4: -High levels of stress. Struggling to find product market fit and finding customers. Overworking and becoming burned out. Lack of cash flow. Finding the right business model. 15-Dec-2022

Detailed explanation-5: -Launching a new business can be scary. Entrepreneurship can be lonely. Entrepreneurship is non-linear. Burnout is real. Rejection is not an option, it’s a certainty. 20-May-2021

There is 1 question to complete.