What do you perceive to be the risks and rewards associated with entrepreneurship? What characteristics do...

90.2K

Verified Solution

Question

Operations Management

What do you perceive to be the risks and rewards associated withentrepreneurship? What characteristics do you think would beimportant in a person who is considering becoming anentrepreneur?

Answer & Explanation Solved by verified expert

3.9 Ratings (468 Votes)

Entrepreneurs face multiple risks such as bankruptcy financial risk competitive risks environmental risk reputational risk and political and economic risks Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan The See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member