The entrepreneurial process involves the pursuit of a new venture, such as new products or new companies. The individuals that undertake this process must possess unique characteristics, abilities, and backgrounds. These individuals must also be willing to accept the possibility of failure as they take on risks that others avoid. Consider the risks that are particular to entrepreneurs and how they can be dealt with.
Based on your reading for this week:
What risks do you see in becoming an entrepreneur, and how will you mitigate these risks?
With these thoughts in mind:
A 300-400 statement that discusses risks entrepreneurs face and how to mitigate these risks.
Support your work with specific citations from the Learning Resources. You are allowed to draw from additional sources to support your argument, but you must cite using APA standards. All quoted material must be identified, cited, and referenced per APA standards.