INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
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An example of a barrier to small business/entrepreneurial success requires this in order to grow.
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Owner
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People
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Money
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Customer
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Explanation:
Detailed explanation-1: -The following are the barriers of entrepreneurship: Lack of capacity. Lack of risk-taking capacity. Not having a strategic plan.
Detailed explanation-2: -Four common barriers to entrepreneurship can be identified – inability to access finance, lack of human capital, lack of social capital and discrimination.
Detailed explanation-3: -Small business entrepreneurship is the idea of opening a business without turning it into a large conglomerate or opening many chains. A single-location restaurant, one grocery shop, or a retail shop to sell your handmade goods would all be an example of small business entrepreneurship.
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