ENTREPRENEURSHIP

Detailed explanation-1: -A successful entrepreneur usually prefers to take high risks. An entrepreneur organizes, manages and assumes the risk of a business. The opportunity to reap impressive profits is the primary motivation for most entrepreneurs. A successful entrepreneur would focus on the future and be sensitive towards any changes.

Detailed explanation-2: -There are some clear benefits to taking intentional risks when starting or scaling a business, including: Getting the first-mover advantage. Learning quickly from your wins (and failures) Expanding your experimental mindset.

Detailed explanation-3: -Generally speaking, entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to position themselves as risk-takers position themselves as leaders as well, while others get left behind.

Detailed explanation-4: -Successful entrepreneurs are driven, ambitious and willing to take risks others won’t. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.