INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
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Any business entails a lot of risks, primarily the risks of failing, of losing one’s business, and in which case, losing one’s capital.
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Drive for the Achievement
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Desire for Responsibility
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Willingness to Take Risks
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Drive and Dynamism
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Explanation:
Detailed explanation-1: -Strategic Risk. If you’re like most small businesses, you probably have a business plan and strategy. Compliance Risk. Financial Risk. Operational Risk. Reputational Risk. Global Risk. Competitive Risk.
Detailed explanation-2: -Financial Risk. The first type of risk that every business faces is financial risk. Reputation Risk. Reputational risk refers to the damage that could be done to an organization’s reputation. Operational Risk. Legal Risk. Environmental Risk. Political Risk. Social Risk. Ethical Risk. More items
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