INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employee
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Consumer
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Manager
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Entrepreneur
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Detailed explanation-1: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks.
Detailed explanation-2: -Market uncertainty, financial risk, health risk, and no guaranteed returns are the risks associated with starting a business enterprise. There are many rewards of running a business; these include freedom, job satisfaction, and financial gains.
Detailed explanation-3: -Managing cash flow. Finding your niche and marketing your value. Ineffective sales funnel. Competition. Lack of scalability. Overcoming red tape. Operational challenges. Entrepreneurial burnout. More items
Detailed explanation-4: -Initiating and leading business activities. Allocating employees’ duties. Forecasting business changes. Creating jobs. Identifying business opportunities. Creating and sharing wealth. Improving the standard of living. Taking up and reducing business risk. More items •20-Feb-2023
Detailed explanation-5: -Security and fraud risk. Compliance risk. Operational risk. Financial or economic risk. Reputational risk. 16-Jun-2021