INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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is responsible for his or her business success
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works for someone else
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must take college level courses
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must employ more than five employees
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Detailed explanation-1: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.
Detailed explanation-2: -The entrepreneur: Takes responsibility for his/her actions and results because only if we recognize our responsibility for the acts and consequences, we will have the ability to improve, move forward, and achieve success.
Detailed explanation-3: -Entrepreneur responsibilities include managing the finances of your department and overseeing employees to ensure our organization grows as expected. Ultimately, you will work with other leaders to grow your department and help the organization meet its goals.
Detailed explanation-4: -Although every one of them is just as important as the other one, the most important critical success factors for growing business will always be Money, Marketing and Product. Most business have the Product thing covered, delivering a good enough product or service to be successful.