INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -A lifestyle entrepreneur is a person who creates a business with the purpose of altering their personal lifestyle. The choice is not solely about making more money. In fact, many lifestyle entrepreneurs make less money for the first few years than they did working in a “conventional” job.
Detailed explanation-2: -’ For our ‘If I Knew Then, What I Know Now’ series, serial entrepreneur Steve Blank discusses the importance of following your passion, the importance of family and the legacy he hopes to leave behind for future entrepreneurs.
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.