How did you move from being a child entrepreneur to becoming an employee or thinking of becoming just an employee?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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How did you move from being a child entrepreneur to becoming an employee or thinking of becoming just an employee?

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NOTE: The answer has been framed in a generalized manner.

An individual who starts, and runs a new business venture, and assumes the financial risk in the hope of making profits is referred to as an entrepreneur. Entrepreneurs are typically known for their innovative thinking, creativity, and ability to identify and capitalize on opportunities. They often play a critical role in driving economic growth, as they create jobs, introduce new products or services, and promote competition. Entrepreneurs can operate in a variety of industries and can start businesses of different sizes, from small sole proprietorships to large corporations. They are often characterized by their willingness to take risks, their ability to adapt to changing market conditions, and their determination to succeed.

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