Question

Infosys was started with only rupees 10,000 . which myth of the entrepreneurship is highlighted in the above case?

It takes a lot of money to finance a new startup

Most enterprises are successfully financially

Startups can be financed through debt

None of the above
Other:​

Answer 1

Answer:

Startups can be financed through debt

Answer 2

The myth highlighted is It takes a lot of money to finance a new startup.

• An entrepreneur creates a company by combining capital and labour to produce items for a profit.
• The facets of entrepreneurship are the areas where large, medium-sized, small, and startup businesses must function for the benefit of the industry as a whole.
• Entrepreneurship has a significant impact on both innovation and economic growth. However, It takes a lot of money to finance a new startup is a myth.
• The average start-up only needs a minimal amount which is affordable and a good idea to get off the ground.
• Successful business owners who reject this misconception build their enterprises to function on a little budget. Instead of paying for items outright, they borrow.
• They don't purchase; they only rent. Additionally, they convert fixed expenditures into variable costs, for as by paying employees in commissions rather than wages.

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