INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a potential challenge for entrepreneurs in terms of decision-making?
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Making decisions that are unfavorable
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Having too much experience in certain areas
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Being too detached from the business
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Not having enough resources
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Explanation:
Detailed explanation-1: -Financial Issues. The main challenge that all entrepreneurs face is to get their business funded. Older business owners have the advantages of a history of good credit and years of networking under their belt, making it easy to find investors and secure loans and contracts.
Detailed explanation-2: -Teamwork and delegation. Focus and productivity. Work-life balance issues. Developing good habits and achieving goals. Procrastination and time management. Business growth and scaling.
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