INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
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internal risks
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external risks
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risks
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risk management
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Detailed explanation-1: -The final ingredient is the entrepreneurial gut game. This refers to the ability of the entrepreneur to sense without using the five senses. This is also known as intuition. Somehow, the entrepreneur just knows whether something will work or not without necessitating logical, systematic, and sequential thinking.
Detailed explanation-2: -Planning simply refers to the review of past performances.
Detailed explanation-3: -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. More items