TH2003 Types of Business Ventures
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Questions and Answers

What is one common misconception about building a business that can attract entrepreneurs to start without considering possible risks?

Business is a safe investment

Why do many starting entrepreneurs face disappointment when it comes to business success?

They assume that the business ensures success

What is the main key to success in a business venture according to the text?

Continuous assessment and accountable actions for every possible change and development

Building a business gets a lot of interest and the conclusions, one of which is that having a venture is an immediate ______.

<p>success</p> Signup and view all the answers

This misconception often attracts entrepreneurs to push through starting one without even thinking of any possible ______.

<p>drawbacks</p> Signup and view all the answers

What misconception about business growth leads to some aspiring entrepreneurs stopping after not seeing expected results?

<p>Business grows rapidly</p> Signup and view all the answers

The money, time, and effort laid by an entrepreneur can be a total waste depending on how the ______ sees it.

<p>market</p> Signup and view all the answers

However, business is a ______, and people can either lose or win along the way.

<p>risk</p> Signup and view all the answers

This assumption often creates disappointment and discouragement to many starting entrepreneurs because they think that doing business is an assurance of ______.

<p>success</p> Signup and view all the answers

But like any discussions regarding drawbacks encountered in entering a business, success only happens with continuous assessment of the ______.

<p>venture</p> Signup and view all the answers

Keeping an eye on all the ______ related to it and making accountable actions for every possible change and development can be an entrepreneur’s way to success.

<p>aspects</p> Signup and view all the answers

A lot of aspiring entrepreneurs think that business rapidly grows that they are becoming eager to create a business after ______.

<p>business</p> Signup and view all the answers

Sometimes, this same mindset stops most of them after not seeing expected ______.

<p>results</p> Signup and view all the answers

But business is a ______, and its growth is a step-by-step journey.

<p>process</p> Signup and view all the answers

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