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Entrepreneurs often derive their ideas from various sources, including personal experiences, market gaps they identify, and trends in consumer behavior. They may also draw inspiration from observing the challenges faced by others or seek to improve existing products and services. Networking and collaboration with other innovators can further spark creativity and lead to new entrepreneurial concepts. Additionally, research and analysis of emerging technologies and industries can provide fertile ground for fresh ideas.

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1d ago

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What role do entrepreneurs play in producing goods and services?

Entrepreneurs are innovators. They come up with new ideas for products or services.


Why are many entrepreneurs uncomfortable on a relaxing vacation?

A. they have a sense of urgency about their ideas Most entrepreneurs are worried about their businesses that they always think about it even during their vacations.


Why are many entrepreneurs uncomfortable on relaxing vacations?

A. they have a sense of urgency about their ideas Most entrepreneurs are worried about their businesses that they always think about it even during their vacations.


Why do you have entrepreneurs?

In this capitalist world, we have entrepreneurs because there is a constant need for business innovation from people with great ideas who are willing to take a risk in building that idea into a reality.


Typically entrepreneurs dont like to be told what to do because?

C. they have so many ideas of their own


Who are to be called as entrepreneurs?

Entrepreneurs are those who take financial risk in order to make their ideas come to life. They are people who start a business in a hope of making a cutting edge product marketable to the rest of the population.


What is the name given to the use of informal networks by entrepreneurs to gather information?

This is often referred to as "networking." Entrepreneurs use informal networks to gather information, share ideas, and build relationships with others in their industry or entrepreneurial community. Networking can be a valuable tool for entrepreneurs to learn from others and grow their businesses.


Describe entrepreneur and entrepreneurship?

Entrepreneurs are business innovators who come up with ideas and set them in motion by starting companies. Entrepreneurship is the act of developing business ideas and getting them off the ground.


How does the equity system on Shark Tank work for entrepreneurs seeking investment?

On Shark Tank, entrepreneurs pitch their business ideas to a panel of investors (the "sharks") in exchange for a percentage of equity in their company. The sharks negotiate with the entrepreneurs to determine the amount of money they will invest and the equity stake they will receive in return. This process allows entrepreneurs to secure funding for their businesses while giving the sharks a stake in the company's success.


Who are considered as intrepenour?

Entrepreneurs are individuals who take on the risk of starting and managing a business venture. They are often innovative, creative, and willing to take risks to bring new products, services, or ideas to the market. Entrepreneurs can come from any background or industry.


In what ways are entrepreneurs useful to suppliers?

In what ways are enterpreneurs useful to suppliers