INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Opportunist
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Angel funder
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Venture capitalist
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Calculated risk taker
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Detailed explanation-1: -The correct answer is B. An entrepreneur is defined as an individual who creates and funds a new business and continues to bear the risks incurred during the business operations while enjoying the rewards.
Detailed explanation-2: -Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry.
Detailed explanation-3: -There are some clear benefits to taking intentional risks when starting or scaling a business, including: Getting the first-mover advantage. Learning quickly from your wins (and failures) Expanding your experimental mindset.
Detailed explanation-4: -Managing cash flow. Finding your niche and marketing your value. Ineffective sales funnel. Competition. Lack of scalability. Overcoming red tape. Operational challenges. Entrepreneurial burnout. More items