Question

Entrepreneur take the risk to start the business for all of the following reasons except

Answer 1

Answer:

Entrepreneur take risk innovation and bear uncertainity

Answer 2

Complete question:

Entrepreneurs take the risk of starting a business for all of the following reasons except:

a. they want independence.

b. they like the challenge and the risk.

c. they want to make money for themselves.

d. they want to work less.

Entrepreneurs take the risk of starting a business for all of the following reasons except d. they want to work less.

Entrepreneur definition:

"An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business."

Risks taken by entrepreneurs:

• The risks involved in entrepreneurship is high but the benefits earned are also high. Entrepreneurship not only benefits the owner but also aids in the economic growth and development of the country.
• Most of the risks in entrepreneurship begins with the beginning of a business. Adequate resource, labour and financial support are necessary to uphold a successful business.
• Unlike traditional businesses, entrepreneurship does not have a defined plan to formulate a successful company. Each entrepreneur have unique ideas to be executed which would aid only for their particular business ideas.