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Starting a new business is a risky proposition. Studies show that about 50 percent of new businesses fail by their fifth year of operation. Despite the high failure rate entrepreneurs are willing to take the risks of starting a new business since success can bring great personal wealth. Risk taking by entrepreneurs is also important to everyone in a free market economy since new businesses provide jobs and lead to wealth creation for a large number of people.
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What is the importance of selling?
selling is important because it helps to improve the quality of life like innovations to an entrepreneur.
What is the difference between entrepreneur and an entreprenuership?
An entrepreneur is the actor, or the person who has the virtue of entrepreneurship, whereas entreprenuership is the practice of being an entrepreneur.
What is the name of an person who takes risks to make money to start their own business?
an entrepreneur
What is the role of the entrepreneur in managing an enterprise?
The role of an entrepreneur is starting the organization. Entrepreneurs are business innovators who come up with ideas and set them in motion.
Why is it important to consider an entrepreneur's personal finances when conducting the short and long term financial forecasts of a firm?
An entrepreneur, especially when starting out, is likely to either operate his or her business as a sole proprietorship or partnership. As such, an entrepreneur is both legally and financially liable for the business. If an entrepreneur is showing certain spending and banking habits that do more harm than good, then it is both a good indicator of how the entrepreneur will run- is is currently running- his/her business and a strong sign that the entrepreneur is very likely to pull money out of the business in times of trouble. While even the most organized and successful entrepreneurs will pull money out, a bank has reason to worry about lending if the entrepreneur frequently runs into problems that require withdrawals from the business, which might stagnate growth or even destroy the business. If an entrepreneur messes up their personal finances, they are much more likely to hurt their business's chance to grow and succeed, which could lead to the business closing its doors and the entrepreneur in deep financial troubles...
What is risktaking?
Risktaking is taking risks or being brave
What is the importance of the entrepreneur in a free enterprise economy?
yeee
What is the importance of feasibility studies to an entrepreneur?
the importance of a feasibility study to an entreprenuer is profit oriented
Of what importance is an accountant to the entrepreneur?
An accountant not only provides the financial data and statements for the business but also interprets the information for the entrepreneur.
What is the importance of dedication in the succes of entrepreneur?
nothing bacause society doesnt exist.
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
What is the importance of selling?
selling is important because it helps to improve the quality of life like innovations to an entrepreneur.
What is the difference between a commercial entrepreneur and a social entrepreneur?
what is the difference between a comercial entrepreneur and social entrepreneur
What is A person who starts a business to produce a new product in the marketplace is known as?
An entrepreneur
What is a person who starts a business called?
A businessperson. Hopeful An entrepreneur Enterprising Ambitious.
What is the differences between entrePreneur and entrePreneurshiP?
An entrepreneur is a person. Entrepreneurship is the act of being an entrepreneur. Joe is an entrepreneur. Joe's success is attributable to his entrepreneurship.
What is different between Entrepreneur and Entrepreneurship?
An entrepreneur is a person. Entrepreneurship is the act of being an entrepreneur. Joe is an entrepreneur. Joe's success is attributable to his entrepreneurship.
