ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The most likely reason an individual might turn a woodworking hobby into a business is because of
A
higher taxes.
B
guaranteed financial security.
C
personal satisfaction.
D
sales quotas.
Explanation: 

Detailed explanation-1: -Being the boss. One of the greatest driving forces for people starting a business is taking on the title of “Boss.” 47% of new entrepreneurs surveyed said that their main reason for starting a small business involved wanting to be their own boss.

Detailed explanation-2: -If your goal in creating a business is to do something that you love and are passionate about, you might be able to consider yourself a lifestyle entrepreneur. When you’re interested in leading a lifestyle that doesn’t depend solely on making money, this type of entrepreneurship may be a good fit for you.

Detailed explanation-3: -Reason 1: Achievement, Challenge, & Learning. Reason 2: Independence & Autonomy. Reason 3: Income Security and Financial Success. Reason 4: Recognition and Status. Reason 5: Family. Reason 6: Dissatisfaction with Current Work Arrangements. Reason 7: Community and Social Motivation. 27-Jan-2016

Detailed explanation-4: -Learning Day-By-Day. Thrilling Journey. Watching the Project Grow. Flexible Schedule of Work. Enjoy the Work. Develop All Your Ideas. Freedom to Choose People You Work With. Independence. More items •13-Jan-2023

There is 1 question to complete.