Question: In what way does an entrepreneur MOST differ from a regular businessperson? Being risk acceptant, entrepreneurs view failure as potential opportunities and as learning experiences.

In what way does an entrepreneur MOST differ from a regular businessperson?
Being risk acceptant, entrepreneurs view failure as potential opportunities and as learning experiences.
Failure does not signify an entrepreneur's ultimate demise, rather it is temporary and for that reason, should not be actively avoided.
Failure is not an option as an entrepreneur has thrown all they have into a business; to fail is the ultimate demise.
As entrepreneurs are thrill seekers, the prospect of minor failures is not something to be feared but to be relished.
Save for Later
In what way does an entrepreneur MOST differ from

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Entrepreneurship and innovation The keys to global economic recovery invention Executive summary At a time when entire economies and industries are reeling from the nancial crisis, business leaders...

Q:

Chapter 5 - Decision Making, learning, Creativity, and Entrepreneurship Decision making is the process by which managers respond to opportunities and threats by analyzing the options and making...

Q:

Question: Summarize the entire report, highlighting key points, findings, and recommendations for incorporating in the executive summary recommendations. This study delves into the intricacies of...

Q:

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Q:

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Q:

can you asnwer these Questions using the text under it. Can you tell me how to say these Questions in presestation for case study presentation, Thanks What kind of personality would be best suited...

Q:

Can you think of any innovations (other than MoviePass) that were deemed ahead of their time and failed because the market was unprepared? How did subsequent products/services later incorporate these...

Q:

How has the movie industry changed since MoviePass ceased operation? Since that time, has the external environment become more or less conducive to a MoviePass-style service? (200 words minimum; 10...

Q:

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

Q:

Write two paragraphs for chapter 16 (at least five grammatically correct complete sentences for each chapter). One summarizing the chapter and one what you learned in each chapter. It should be your...

Q:

According to the classical economists, how did Says Law, the interest rate mechanism, and downwardly flexible wages and prices ensure that recessions would cure themselves?

Q:

Tigger Limited is a company that is involved in the tourism industry. Tigger Limited specialises in overnight game drives. The directors of Tigger Limited believe that the most important asset in any...

Q:

19. Some apparatus used in an experiment to investigate the composition of air is shown in Fig. 11.27. The copper is heated and then air is passed from one syringe to the other until a constant...

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...