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Questions and Answers
What is the main purpose of entrepreneurship?
What is the main purpose of entrepreneurship?
- To get rich quickly
- To create and build something of value (correct)
- To define and distribute benefits
- To motivate and inspire stakeholders
What is the most important factor in successfully achieving entrepreneurial goals?
What is the most important factor in successfully achieving entrepreneurial goals?
- Money
- Vision
- Passion
- Commitment (correct)
What is NOT a benefit of entrepreneurship?
What is NOT a benefit of entrepreneurship?
- Long-term value
- Durable cash flow
- Increased stress (correct)
- Increased risk
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Study Notes
- Entrepreneurship is the process of creating and building something of value from practically nothing.
- Entrepreneurship usually requires a vision and the passion, commitment, and motivation to transmit this vision to other stakeholders, such as partners, customers, suppliers, employees, and financial backers.
- Entrepreneurship involves the definition, creation, and distribution of value and benefits to individuals, groups, organizations, and society.
- Entrepreneurship is very rarely a get-rich-quick proposition; rather, it is one of building long-term value and durable cash flow streams.
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