INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Control of the owners
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Creation of the owners
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Unproven idea
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Clean sheet
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Detailed explanation-1: -One of the biggest advantages of being a startup is the ability to be nimble and adapt to change quickly. Startups are typically small companies with fewer employees and less bureaucracy. This allows them to make decisions quickly and adapt to changes in the market or their industry quickly.
Detailed explanation-2: -There are also a number of potential disadvantages to consider in deciding whether to start a small business: Financial risk. The financial resources needed to start and grow a business can be extensive, and if things don’t go well, you may face substantial financial loss. In addition, you’ll have no guaranteed income.
Detailed explanation-3: -Stress is one of the most significant disadvantages of being an entrepreneur.
Detailed explanation-4: -Advantage: Financial Rewards. Advantage: Lifestyle Independence. Advantage: Personal Satisfaction and Growth. Disadvantage: Financial Risk. Disadvantage: Stress and Health Issues. Disadvantage: Time Commitment. Try a Side Hustle.