ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to increase their income.
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to practice community service.
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spread themselves too thin
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focus 100% on their new venture
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Detailed explanation-1: -Startup Entrepreneurs Startup entrepreneurs have an idea for a new business and are willing to take the risk of starting one. They are driven by the desire to create something new and potentially make a significant impact in their industry.
Detailed explanation-2: -Freedom and passion, not money, is the main motivation. Cox Business found that more than half of small business owners start their own businesses to be their own boss. They were also motivated by the idea of creating something from the ground up.
Detailed explanation-3: -Many entrepreneurs strive to develop products and services that benefit society as well as creating financial opportunity for the company’s founders. Some go so far as to make personal financial goals secondary to contributing to society.
Detailed explanation-4: -The serial entrepreneur The serial type of entrepreneurship is someone who starts and leads one business after another. Although, it is also used for the small business entrepreneur who runs multiple businesses at the same time. By definition, the serial type has an entrepreneurial personality.