lease choose five (5) answers which are true about entreprenuership a. Only people who have 50 years of experience are allowed to have a successful business b. Entrepreneurship is a repeatable process of analysis, value creation and risk mitigation  which develop high risk and high profit solutions for a defined community  c. A gambler who is lucky at lotto is definitely, is guaranteed to become a successful entrepreneur d. Only loud people who like an audience should be entrepreneurs e. Only young Stanford graduates can become millionaire entrepreneurs

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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Please choose five (5) answers which are true about entreprenuership

a.

Only people who have 50 years of experience are allowed to have a successful business

b.

Entrepreneurship is a repeatable process of analysis, value creation and risk mitigation  which develop high risk and high profit solutions for a defined community 

c.

A gambler who is lucky at lotto is definitely, is guaranteed to become a successful entrepreneur

d.

Only loud people who like an audience should be entrepreneurs

e.

Only young Stanford graduates can become millionaire entrepreneurs

f.

Only people born to business families can become entrepreneurs

g.

Entrepreneurs assemble and then integrate all the resources needed – the money, the people, the business model, the strategy – to transform an invention or an idea into a viable business.

h.

Most entrepreneurs just 'buckup' into an opportunity or marry into a business

i.

Reading the emails of your neighbor is the best way to become a successful entrepreneur 

j.

Entrepreneurs are born anointed by god

k.

If your white you alright, if your brown stick around, but if your black don't try entrepreneurship 

l.

Someone who has a passion for the satisfaction of his clients and has identified a desirable solution which he can sell to them at a price they can afford

m.
Entrepreneurs should model their ideas to increase their chance of success, i.e. complete feasibility analysis, develop a business model, develop an industry analysis and write a business plan 
n.

An entrepreneur is someone who is able who creatively analyze a market need-problem-gap, develops an Idea, innovates a solution and pursues a business opportunity where she sells her solution for profit. 

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