SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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focusing on their market segment
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solving social problems and needs
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overrating their passion
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being responsive to changes
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Detailed explanation-1: -One of the biggest mistakes that any entrepreneur can make is ignoring their true passion and just opening a company to make money.
Detailed explanation-2: -Given that most of the social entrepreneurs are individual entities, it is therefore difficult to accumulate enough funds at the beginning. Over time some ventures flourish but a vast majority of the ventures struggle to maintain its existence and sustainability due to capital or ongoing sources of income.
Detailed explanation-3: -Limited access to early stage capital is one of the major challenges faced by social entrepreneurs as they do not follow conventional way of doing business.
Detailed explanation-4: -Involving themselves in a business not suitable for their capacity. Assuming they can handle everything by themselves. Having no certain business objectives. Not preparing a proper business plan. Underestimating marketing’s importance. More items •23-May-2022