ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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LACK OF WATER AND ELECTRICITY
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LOCATION AND POOR INFORMATION FROM CUSTOMERS
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TOO MUCH SUCCESS AT THE BEGINNING
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EXCESSIVE FINANCIAL RESOURCES TO MANAGE
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Detailed explanation-1: -According to business owners, reasons for failure include money running out, being in the wrong market, a lack of research, bad partnerships, ineffective marketing, and not being an expert in the industry. Ways to avoid failing include setting goals, accurate research, loving the work, and not quitting.
Detailed explanation-2: -Startups in India face several obstacles, such as a lack of skilled workers, bureaucratic obstacles, and stiff competition from established businesses. Startups face significant challenges as a result of regulatory ambiguity, inadequate infrastructure, and difficulties scaling up operations.
Detailed explanation-3: -Fierce Competition. The corporate world is quite fierce. Unrealistic Expectations. Success does not come alone. Hiring Suitable Candidates. Partnership Decision Making. Financial Management. Cyber Security. Winning Trust of Customers. 04-Nov-2022
Detailed explanation-4: -Constant change. Being unable to reach your initial goal. Partnership decisions. Hiring. Cyber risks. Trying to do it all yourself. Neglecting marketing and market research. 21-Feb-2023