ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed investigation
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Financing the proposition
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Discovery of an idea
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Assembling the requirements
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Detailed explanation-1: -The first and foremost function of an entrepreneur is idea generation. A person may conceive his own ideas or develop the ideas contributed by others.
Detailed explanation-2: -The various functions of entrepreneurship are Innovation and creativity, Risk taking and achievement and organization and management, Catalyst of Economic Development, Overcoming Resistance to Change and Research.
Detailed explanation-3: -Make a business plan A plan enables entrepreneurs to set objectives and make critical decisions for the future. It shows you and stakeholders a direction to where it is headed. A business plan helps prevents big mistakes as it allows you to spot these mistakes before they arise.
Detailed explanation-4: -An entrepreneur must be able to manage and organize his finances, his employees, his resources, etc. So his organizational abilities are one of the most important elements of entrepreneurship.