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failing at the business venture

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10y ago

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A drawback of entrepreneurship is the?

risk of business failure.


What is the meaning of risk-taking in entrepreneurship?

Risk Taking is important in the concept of Entrepreneurship because you cannot gain something without taking a risk. Risk taking is taking a chance on an outcome, not blindly, but by weighing the possible outcomes based on the available information you have.


What is the characteristics of entrepreneurship?

It must be a person that us willing to take risk


Why is entrepreneurship critical to business success?

An entrepreneur assumes risk and she will work hard for the business to succeed


Is entrepreneurship a economic and social goal?

Absolutely. If there are no risk takers with ideas then there will be no economic growth and job creation.


What is the nature of entrepreneurship?

The nature of entrepreneurship is business risk. As define by many - entrepreneurship if the art, or system of organizing a business idea and venture, and assumes the risk that may affect the business venture in the future as it progresses. Entrepreneurs study the business, the market and create ideas to grab opportunities in developing and innovating a business. It involves critical thinking and perseverance to build the idea into a solid business aspect.


What is meaning of risk taking?

Risk Taking is important in the concept of Entrepreneurship because you cannot gain something without taking a risk. Risk taking is taking a chance on an outcome, not blindly, but by weighing the possible outcomes based on the available information you have.


What is the meaning of the risk taking?

Risk Taking is important in the concept of Entrepreneurship because you cannot gain something without taking a risk. Risk taking is taking a chance on an outcome, not blindly, but by weighing the possible outcomes based on the available information you have.


What is the entrepreneurship era?

an entrepreneur is "a person who organizes and manages a business undertaking, assuming the risk for the sake of the profit." Written by shaikh


Why entrepreneurship is so important to your society?

Entrepreneurship is important beacause they organise, coordinate and manage all the other factors of production-land labour and capital, they take risk in aim of making a profit which is vital for a developing economy.


What is the role of entrepreneurship in economics?

refers to decicion making, managing money and risk taking in an economy.


What is the qualities of entrepreneurship?

what is the qualities of entrepreneurship