Podcast
Questions and Answers
What is considered a positive learning experience in entrepreneurship?
What is considered a positive learning experience in entrepreneurship?
- Failure (correct)
- Complacency
- Risk
- Success
What is the most important trait for entrepreneurs to overcome failure?
What is the most important trait for entrepreneurs to overcome failure?
- Luck
- Connections
- Wealth
- Persistence (correct)
What was identified as a significant factor in 82% of small-business failures within the first five years?
What was identified as a significant factor in 82% of small-business failures within the first five years?
- Cash flow issues (correct)
- Lack of innovation
- Market saturation
- High competition
Which factor contributes to a bad business idea according to the text?
Which factor contributes to a bad business idea according to the text?
What is a common challenge faced by many new entrepreneurs according to the text?
What is a common challenge faced by many new entrepreneurs according to the text?
What factor often leads businesses to run out of money, as mentioned in the text?
What factor often leads businesses to run out of money, as mentioned in the text?
What is a common risk related to the physical location of a business?
What is a common risk related to the physical location of a business?
How can a business reduce the risk associated with handling hazardous materials?
How can a business reduce the risk associated with handling hazardous materials?
What is a consequence of selling products faster than expected without a growth strategy?
What is a consequence of selling products faster than expected without a growth strategy?
In what situations can employee fraud occur?
In what situations can employee fraud occur?
Why are power outages considered a significant risk for businesses relying on technology?
Why are power outages considered a significant risk for businesses relying on technology?
What is a consequence of making wrong decisions in business?
What is a consequence of making wrong decisions in business?
