Entrepreneurs venture to take risks but some entrepreneurs are very shy and lazy by nature."" Mention the name of such entrepreneurs and explain.
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‘Entrepreneurs venture to take risks but some entrepreneurs are very shy and lazy by nature.’
Such entrepreneurs are referred to as Fabian entrepreneurs.
- Fabian entrepreneurs do not start an enterprise on their own rather they join their family business which has already been started by their father, i.e they inherited an enterprise from their family.
- In a family business enterprise, Fabian entrepreneurs are second are generations entrepreneurs.
- This form of business is very popular in India known as the joint Hindu family business.
- They are unwilling to take risks and hence do not start a new venture. They follow the footsteps of their predecessors.
Hope this answer will help you.
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Entrepreneurship An Entrepreneur :-
- Fabian entrepreneurs are very shy, lazy, cautious and do not venture or take risk.
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