Common risk in entrepreneurship

We can now explain some of the common risk found in normal entrepreneurial life as given after the cut.

Categories of risks in entrepreneurship

Risks is a situation or condition of portending danger and whose probability of occurrence can be estimated. For example our environment today fire accident is a common occurrence (especially during dry season). The probability that a fire accident will occur in a place can be predicted or estimated, the moment one has certain data.

Important entrepreneurship traits

Entrepreneurship is a serious venture, because in building a successful enterprise, a lot of virtues are required from the entrepreneur. For example, he has to have philosophy, values, and be highly committed, so as to record outstanding success.

Entrepreneurship and leadership style

Entrepreneurs are responsible for setting goals and making plans for their enterprise. To a great extent, the employees play a large part in implementing these plans and achieving goals. Developing and maintaining morale is, therefore an important task of the entrepreneur.

Resources and constraints in entrepreneurship

There are two forms of constraints associated with entrepreneurship which are Economic resources and human resources. As an entrepreneur, you must be familiar with these constraints so as to know the necessary measure go about in dealing with these constraints. The constraints and resources are discussed below.

Role Of Entrepreneurship In National Income Development

There are some roles in which entrepreneurs contribute to the national income development of the nation in which he or she finds himself/herself. These roles will be are discussed after the cut.

LIKELY CHALLENGES AN ENTREPRENEUR CAN FACE IN ENTREPRENEURSHIP

Likely challenges an entrepreneur can face in entrepreneurship

Constraints in entrepreneurship

constraints/disadvantages associated with entrepreneurship which are explained as follows:

THE MERITS ASSOCIATED WITH BEING AN ENTREPRENEUR

There are merits associated with being an entrepreneur, people who choose to an entrepreneur as a career usually do so six basic reasons. The reasons are the merits of being an entrepreneur which includes

INTRODUCTION TO ENTREPRENEURSHIP

Entrepreneurship has been realized to be a platform through which several nations’ economy could be driven.