INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Low levels of stress
|
|
|
Guaranteed income
|
|
|
Risk of losing your entire investment
|
|
|
Established quality of life from the beginning
|
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: -Taking Risks Can Cost You Financially In business, while you want to take risks, sometimes too many risky investments can cost you so much that you can’t continue. If your risk-taking behavior leads to an accident where you or someone else is harmed, you could be held liable for the injuries.
Detailed explanation-3: -One of the biggest risks associated with investing in small businesses is the potential for financial loss. small businesses are often less stable than larger businesses and may be more likely to fail. This means that investors could lose all or part of their investment.
Detailed explanation-4: -Advantage #1: A flexible schedule – both in terms of when and where you work. Advantage #3: It’s exciting and fulfilling. Advantage #4: The salary makes sense. Disadvantage #1: You wear a lot of hats. Disadvantage #2: You are always at work. More items