Business Studies, asked by NISHUJOT, 8 months ago

A successful entrepreneur can become rich very fast. yes or no

Answers

Answered by MysteryUnsolved
15

Yes is the answer.

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Answered by anushkasisodiya
3

Answer:

It’s an aspiration of an entrepreneur to succeed, but the game is set up so that getting rich is not the statistically normal thing for an entrepreneur to do. So your question is rather like the question : “why do sprinters win races?”. Most sprinters lose most races. By definition.

As to the mechanism of how the ones who become rich so quickly, actually do become rich so quickly, that mechanism is very well known. It’s the .

An entrepreneur, to become rich, needs to create a compelling company that not only does a profitable business well, but far more importantly, convinces potential investors that it will continue to grow, for a long time, to become very big and do a lot of profitable stuff in future. That makes investors want to bet on it.

If you manage to create a company with a sufficiently compelling story about future profitability then investors will want to buy shares in it. And the shares you own will be worth a lot of money. That’s what will make you rich.

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