Question

In: Economics

Describe why people become entrepreneurs and what it takes, personally? What does it take to succeed?

Describe why people become entrepreneurs and what it takes, personally?

What does it take to succeed?

Solutions

Expert Solution

Enterpreneur mean being own boss.enterpreneur is a person who want to do his own business.who likes to take risk.

People become entrepreneurs because they like to work freely.they have business skills.They like adventures.they like to take risk.Those person wants to become his own boss.they didn't like long working hours.sometimes they get motivated with other business tycoon.some person have their dream to become enterpreneur and some persons become entrepreneur by default.they can earn profit as much as they want.they don't want fixed low income.

Higher income and higher fame take it personally.when a person knowns that he can get higher income and he can get fame then he must try to become successful entrepreneur.

To become successful entrepreneur a person must be hard worker.he must have business skill, he must have money to invest in business.he must ready to take risk.he must be motivated.he must like to do business.


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