ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Creativity
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Self-discipline
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Risk taking
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Flexibility
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Detailed explanation-1: -Risk-taking in entrepreneurship is the process of identifying, evaluating, mitigating, and trying out potential opportunities and strategies that may help you build or grow your business but could also lead to personal or professional loss.
Detailed explanation-2: -12) define risk perception as “a decision maker’s assessment of the risk inherent in a situation”. It is broadly thought to impact business outcomes through underestimation or overestimation of risks.
Detailed explanation-3: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.
Detailed explanation-4: -They position themselves to serve. They set clear goals. They take calculated risks. They know their strengths and weaknesses. They hire A-team players. They are constantly learning. They are always looking for opportunities. They evaluate their actions and priorities each day. More items •26-May-2015