ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following is the best long-term strategy to reach profitability?

A	Find new vendors with lower prices
B	Cut store hours
C	Expand into different markets
D	Lay off employees

Explanation:

Detailed explanation-1: -Responsibility, mindset and passion are the three secrets to entrepreneurial success.

Detailed explanation-2: -Don’t take ‘no’ for an answer. Learn from the best. Stay hungry and ambitious. Never stand still; evolve with the times. Nurture long-term business relationships. Inspire those around you. Trust your gut instinct, not just your spreadsheet.

Detailed explanation-3: -Make strategic planning a top priority. Keep a close eye on your competitors. Work to broaden your client base. Stay close to your customers. Monitor profit margins. Develop a cash-flow planner. More items

Detailed explanation-4: -Create a Plan (But, Be Flexible) Every business starts with an idea. Find a Mentor. Be Persistent. Learn from Lessons. Trust Your Gut. Prioritize Your Mental Health. Be Organized. Take Risks.

There is 1 question to complete.