Many small business owners are entrepreneurs who went into business seeking freedom, a better lifestyle, more money or simply because they wanted to run their own show. As such it is only to be expected that business owners make mistakes which can jeopardize their dreams. Starting your own small business is always a risky undertaking. Every new business owner will find themselves under a lot of pressure trying to avoid mistakes. Given that 8 out of every 10 new businesses fail this pressure seems to be overwhelming. With benefit of the paragraph provided above, discuss common mistakes that small scale business owners make (10marks)
b) Critically examine the attempts that have been made to define entrepreneurship indicating clearly the areas of agreement and disagreement.
(15marks)

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The detailed answer for the above question is provided below A Common Mistakes that Small Scale Business Owners Make 1 Not Doing Enough Research Many small business owners start their businesses witho... View the full answer