Name ___Lauren SutherlandChapter 61. Why are people willing to take the risks of entrepreneurship?People are willing to take risks of entrepreneurships because of the opportunity, profit, independence, and challenge. 2. What are the advantages of entrepreneurial teams?Some on the advantages of entrepreneurial teams is they can create new skills to develop, make, market a new product. 3. How do micropreneurs differ from other entrepreneurs?Micropreneurs have a small business and they the work that they want to do with a balanced lifestyle4. What is intrapreneuring?An intrapraneur is an inside entrepreneur uses entrepreneurial skills without incurringthe risks associated with those activities5. Do you have the entrepreneurial spirit? What makes you think that?Yes, I have entrepreneurial spirit, what makes me think that is I want to be a doctor and I know that is the possibility I could fail some class along the was. Even though thing could and will get though I will never give up to achieve my overall dream. 6. What are some opportunities and risks of web-based businesses?What are some opportunities and risks of web-based businesses is 7. Why do so many small businesses fail?Some reasons small businesses fail is because of starting with too little capital, starting with too much capital and being careless, inadequate financial planning, managerial incompetence, underpricing or overpricing goods and services.8. What are the sections of a business plan?The section of a business plan is to get a cover letter and talk about your achievements in the business field. 9. Why do small businesses avoid doing business globally?Small business avoid going going globally because they don’t understand how those markets work or what they have to offer, there is a lot of bureaucracy, and the fear of failing. 10. What are some of the advantages small businesses have over large businesses in selling in global markets?Some advantages small businesses have over large businesses in selling in global markets is small companies can usually begin shipping such faster, can provide wide variety of suppliers, can give customers personal service and undivided attention, and oversea buyers enjoy dealing with individuals rather than with large corporate
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