ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The biggest risk of being in business for oneself is the possibility of losing one’s ____
A
investment
B
goals
C
attitude
D
influence
Explanation: 

Detailed explanation-1: -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-2: -One of the biggest risks associated with investing in small businesses is the potential for financial loss. small businesses are often less stable than larger businesses and may be more likely to fail. This means that investors could lose all or part of their investment.

Detailed explanation-3: -Financial risk Cash flow is one of the biggest concern at the beginning. You must consider where money will come from to maintain operations, pay employees, and invest in market penetration and growth.

There is 1 question to complete.