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ENTREPRENEURSHIP & BUSINESSMAN
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AN IN-DEPTH EXPLAINATION OF THE BASICS OF WHAT IS AN ENTREPRENEUR AND A BUSINESSMAN WITH ALL TYPES OF QUESTIONS IN THIS TOPIC ANSWERED
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Business Studies IGCSE/O Level - Full course summary
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IGCSE Business Notes
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what are the advantages of being and entrepreunerBe your own boss. ...
Potentially unlimited income. ...
Choose when and where you work. ...
Make a living doing what you love. ...
Constant growth and development. ...
Choose who you work with. ...
Create a positive impact.
what are the qualities of an entrepreuner should have
1) Creativity.
2) Professionalism.
3) Risk-taking.
4) Passion.
5) Planning.
6) Knowledge.
7) Social Skills.
8) Open-mindedness towards learning, people, and even failure.
Concept of Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in
order to make a pro t. The most prominent example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital can generate a pro t. The entrepreneurial
vision is de ned by discovery and risk-taking and is an indispensable part of a nation’s capacity to succeed in an ever-changing and
more competitive global marketplace.
Meaning of Entrepreneur
The entrepreneur is de ned as someone who has the ability and desire to establish, administer and succeed in a startup venture along
with risk entitled to it, to make pro ts. The best example of entrepreneurship is the starting of a new business venture. The
entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas in the market by replacing old with a new
invention.
It can be classi ed into small or home business to multinational companies. In economics, the pro ts that an entrepreneur makes is
with a combination of land, natural resources, labour and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals with all the risks that go with it can become
an Entrepreneur.
Top eight Difference Between Businessman and Entrepreneur
What are the four Types of Entrepreneurship?
It is classi ed into the following types:
Small Business Entrepreneurship-
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