22/09/2024
Entrepreneurs are individuals who:
• organise production by putting together the various factors of production to form a business opportunity
• are prepared to take risks by using their own money or by borrowing from banks or other people to try to achieve their ambitions. The risks are considerable and if their plans fail, they will lose their own money and that of others.
Successful entrepreneurs are creative and innovate to produce something that has recognised value in the market
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