ENTREPRENEURSHIP

Detailed explanation-1: -Experts say some good first steps in starting a business are researching competitors, assessing the legal aspects of your industry, considering your personal and business finances, getting realistic about the risk involved, understanding timing, and hiring help.

Detailed explanation-2: -Answer and Explanation: The correct answer is False. An entrepreneur creates a business concept, gathers the required physical and human resources to launch a new enterprise, operationalizes it, and is ultimately accountable for the progress.

Detailed explanation-3: -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-4: -Even with the right idea, money, and time, not all businesses turn out to be successful. Only a fraction of all entrepreneurs become successful.