Business leaders recognise that taking risks comes with opportunities and innovation. If you refuse to acknowledge the possibility that your endeavour can fail, they are aware that it cannot happen.
What is the main risk for an entrepreneur?
- Numerous risks, including insolvency, financial risk, competitive risk, environmental risk, reputational risk, and political and economic risk, are faced by entrepreneurs. Entrepreneurs must make sensible financial plans and demonstrate to investors that they are thinking about risks by developing a practical company strategy.
- In the early stages of starting a business, spending time with family and friends can be difficult for entrepreneurs because there is no guarantee of success or a guaranteed monthly income.
- An entrepreneur will need funds to launch a business either in the form of loans from investors, their own savings, or funds from family. The founder will have to put their own "skin in the game."
To learn more about entrepreneur refer:
https://brainly.com/question/353543
#SPJ4
