Question by ►Bobby J◄ (Young-Jeezy): If u were an entrepreneur, You’d start a buisness or service in what?
If u were an entrepreneur, You’d start a buisness or service in what, and where would be the best location, that applies best for that buisness/servive? Rationale behind this?
Who’d be your consumers…Rationale behind this?
Best answer:
Answer by Cutiepie88
If you were an entrepreneur, you wouldn’t ask this question. You would be just do it and know what you wanted to do. If you would like to be an entrepreneur, start looking at what it takes to be that. I would think it would be bad advice to do as an entrepreneur does before being one.
Know better? Leave your own answer in the comments!
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Definition – An entrepreneur is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks.
The newly and modern view on entrepreneurial talent is a person who takes the risks involved to undertake a business venture. In doing so, they are said to efficiently and effectively use the factors of production. That is land (natural resources), labor (human input into production using available resources) and capital (any type of equipment used in production i.e. machinery). A business that can efficiently manage this and in the long-run hopefully expand (future prospects of larger firms and businesses), will become successful.
The best location is where there are many people that will buy your product or use your services.