INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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planning
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resting
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accounting
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letting go
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Detailed explanation-1: -In order to mitigate potential risks, an entrepreneur needs to measure a risk before he takes one. Most entrepreneurs specialise in risk weighting. They don’t lose much if the strategy fails, but if it succeeds, they benefit a great deal by taking the risk.
Detailed explanation-2: -A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives. Benjamin Franklin once said, “If you fail to plan, you are planning to fail.” (Benjamin Franklin).
Detailed explanation-3: -carrying out market research to find out what customers want. writing a business plan to identify potential problems. ensuring that there is sufficient money available.
Detailed explanation-4: -Develop a Solid Plan. Perform Quality Control Tests. Keep Good Records. Limit Loans. Keep Accounts Receivable Low. Diversify Income. Buy Insurance. Save Money. 05-May-2021