ENTREPRENEURSHIP

Detailed explanation-1: -Freedom and passion, not money, is the main motivation. Cox Business found that more than half of small business owners start their own businesses to be their own boss.

Detailed explanation-2: -Ordinary Small Business pertains to a business enterprise managed and operated by an owner who is not an advocate of and does not practice the concepts and principles of entrepreneurship.

Detailed explanation-3: -The purpose of business is to bring about passionate change in an industry, delight customers with excellent products, and create a legacy for future generations.

Detailed explanation-4: -Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.