ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organization
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Creativity
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Open-mindedness
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Willingness to take risks
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Detailed explanation-1: -The most common reason for failure for Entrepreneurs is lack of funding. According to recent statistics, only 10% of startups can get their first round of funding. One of the reasons for this is that some startups don’t have a business idea that is attractive to investors.
Detailed explanation-2: -Failure to keep up can lead to missed growth opportunities If you fail to hop on top of the latest technologies, you can lose business to companies that do. In fact, 20% of all startup exits can be attributed to being outcompeted.
Detailed explanation-3: -Not Having Enough Money. Not Knowing Your Market. Lack Of Vision. Biting Off More Than You Can Chew. Trying To Be Everything To Everybody. Not Enough Marketing. Poor Planning. Not Accepting Constructive Criticism. More items •05-Jul-2019
Detailed explanation-4: -They don’t give themselves enough runway. You often hear that it’s cheaper and easier to start a business in many industries nowadays thanks to technology. They don’t know what being an entrepreneur entails. They don’t have a market for their product or service. 20-Oct-2016