INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Paid employee
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Self employed
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Employee
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Partly employed
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Detailed explanation-1: -While all entrepreneurs are self-employed, not all self-employed individuals are entrepreneurs-some are better categorised as small business owners. There are differences between the two. Entrepreneurs typically: devise untested ideas.
Detailed explanation-2: -Self-employed people are usually classified as a sole proprietor (or sole trader), independent contractor, or as a member of a partnership.
Detailed explanation-3: -An entrepreneur is an independent person who starts his venture and bears full risk of his failure and enjoys the fruit of his success.
Detailed explanation-4: -What is an entrepreneur? An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.