What are the recommended traits for a career in entrepreneurship quizlet?

venture. All of the following are recommended traits for a career in entrepreneurship except being: enthusiastic, a-risk taker, cost conscious or goal-oriented.

Why do you think some virtual businesses or dot com companies fail?

Some virtual businesses fail, because not enough people know about the business and what it provides. It is important that entrepreneurs be take-charge, self-directed people.

What are entrepreneurial traits?

  • Being a good leader.
  • Being optimistic.
  • Being confident.
  • Being passionate.
  • Being disciplined.
  • Being proactive.
  • Keeping an open mind.
  • Being competitive.

Which of the following is an advantage to being an entrepreneur quizlet?

What are the advantages of being an entrepreneur? Being free to make your own decisions, opportunity, and possible wealth.

What is a new business undertaking that involves risk is called?

A new business undertaking that involves risk is called a. venture. The main reason people become entrepreneurs is to have the opportunity to be creative.

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What is the most important reason many small businesses fail?

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

Why do so many virtual businesses fail?

According to a number of sources – including Forbes and Huff Post – 90% of e-commerce start-up businesses end in failure within the first 120 days. The two main reasons for failure are poor online marketing performance coupled with an overall lack of search engine visibility.

What are the six basic character traits of entrepreneurs?

6 Characteristics of an Entrepreneur

  • Motivation. Successful business types are doers who make ideas happen. …
  • Hard work. Success does not come easy. …
  • Focused passion. Entrepreneurs have passion that drives the blood, sweat and tears. …
  • Nonconformity. …
  • Leadership. …
  • Street smarts.

What are four important factors to remember before making a career quizlet?

What interests you , Evaluate your skills, Work attitudes, Training and Education.

What does a business success depend on quizlet?

A business’ success depends on four key factors: financing, location, management, and _____. A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. Entrepreneurs are self-motivated and recognize opportunities around them. Location is not important for a business.

Which of the following is an advantage of entrepreneurship?

One of the great advantages of entrepreneurship is being able to abandon the predictable and monotonous schedule of a traditional office job. Instead, you plan and schedule your day, set regular goals and work to achieve them.

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Is a new business undertaking that involves risk?

An individual who undertakes the creation, organization, and ownership of an innovative business with potential for growth. A new business undertaking that involves risk.

What is a new business undertaking that involves risk is called quizlet?

Venture. A new business undertaking that involves risk.

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