Why do entrepreneurs avoid high risk situation?
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Successful entrepreneurship involves taking risks. If you don’t embrace risk-taking, you may want to rethink being a business owner.
Countless entrepreneurs have taken risks to get their businesses to where they are now. Taking risks, however, does not mean going into business blindly and then expecting great results. Taking risks in entrepreneurship involves careful planning and hard work.
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An entrepreneur should always be aware of its competitors. If there are no competitors at all, this could indicate that there is no demand for a product. If there are a few larger competitors, the market might be saturated, or, the company might struggle to compete
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