ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Take a Risk
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Do little to no work
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Drink Coffee
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Invest their own money
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Detailed explanation-1: -Entrepreneurs are more likely to invest their time, energy, and money when they see the clear potential for exceptional financial gain. During a product or service lifecycle, it’s imperative for an entrepreneur to weigh the perceived value of sweat equity against taking a salary or payment.
Detailed explanation-2: -Smart entrepreneurs use the money to produce quality goods or services. They reinvest their profits to upgrade the business. They hire more employees to boost the production, develop the infrastructure and expand the business to grow the revenue.
Detailed explanation-3: -Increasing knowledge. As an old adage puts it, “the best investment you can ever make is an investment in yourself". Great entrepreneurs invest and continue to invest in their knowledge base.
Detailed explanation-4: -To accomplish personal growth People turn towards investing because it offers them security in case of emergency. This also gives an opportunity for growth if they choose wisely with how much risk they are willing to take on when starting out.