ENTREPRENEURSHIP

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: -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: -Risk-taker: Successful entrepreneurs are known for their daring and risk-taking abilities. They will not hesitate in taking risks, if they see an opportunity behind it. But obviously, they will not jump blindly into each and every risky situation.

Detailed explanation-4: -Critical Thinking. Attention to detail. Strong communication skills. Patience. Ability to work to deadlines. Ingenuity and creativity. Strong oral and written comprehension and communication. Conceptual.

Detailed explanation-5: -Security and fraud risk. Compliance risk. Operational risk. Financial or economic risk. Reputational risk. 16-Jun-2021