ENTREPRENEURSHIP

Detailed explanation-1: -Successful entrepreneurs are moderate risk takers. They don’t shy away from ambiguity if they believe opportunity is present, but they study and calculate before taking the risk.

Detailed explanation-2: -Entrepreneurs are considered moderate risk-takers because they do not consider the risk ambiguity if there is a chance or opportunity for success or bigger profits. However, moderate risk takers calculate and analyze the risks involved against the profits they will receive before engaging in a business or project.

Detailed explanation-3: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.

Detailed explanation-4: -Preference for moderate risk-Entrepreneurs are calculated risk takers. Confidence in their ability to succeed-Entrepreneurs must be optimistic about their chance for success.

Detailed explanation-5: -Discipline. The number one quality of an entrepreneur is self-discipline. Curiosity. The best entrepreneurs always want to learn more. Creativity. Willingness to try things. Honesty. Always have a plan. Understanding the value of self-care. Taking risks. More items