ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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global economic growth rates.
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all aspects of their businesses
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the daily activities of competitors
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reducing the need for financial records products.
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Detailed explanation-1: -As a business owner or entrepreneur, you must assume that you’ll struggle, fail, and doubt yourself as you try to grow your business. You’ll waste a ton of time, your employees may not care, people will judge and criticize you, and you’ll likely need to seek help from a startup mentor-probably several startup mentors.
Detailed explanation-2: -During the startup phase, you spend your time meeting people, coming up with new ways to sell your products or services and consistently implementing new ideas. At this point, you won’t have many processes and you should be tweaking your business model to get a sense of the market and how to turn a profit.
Detailed explanation-3: -Early-stage is defined as the percentage of an economy’s 18-64 population who are either a nascent entrepreneur (actively planning a new business) or owner-manager of a new business (within the first 42 months of starting).
Detailed explanation-4: -Write your business plan Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you-or investing in your company-is a smart choice.