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4 years ago

How is being comfortable with risk and flexibility important to having an entrepreneurial mindset

Business

1 answer:

saveliy_v [14]4 years ago

4 0

Answer:

An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.

Hope that this gives some insight on the topic :)

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Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.

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3 years ago

Read 2 more answers

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Mrac [35]

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3 years ago

Refer to the above table. if demand decreased by 4 units at each price, what would the new equilibrium price and quantity be?

PSYCHO15rus [73]

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4 years ago

When Olga took over as facilities manager for Burlington Furniture Manufacturing, she was shocked to see the factory was still h

Mademuasel [1]

Complete question:

When Olga took over as facilities manager for Burlington Furniture Manufacturing, she was shocked to see the factory was still heated with a coal-fired boiler. She made an immediate decision to upgrade the heating system to something more efficient, and began to research available options. For Olga and Burlington Furniture, this represented a(n) ________ situation.']

A. generic buy

B. new buy

C. adapted buy

D. straight rebuy

E. modified rebuy

Answer:

For Olga and Burlington Furniture, this represented a new buy situation.

Explanation:

A new purchase is the first case in which a product is purchased. It is crucial for company suppliers to use their line of goods and lots of data to help the consumer make a good decision in this sort of purchasing situation.

A new buying scenario will take longer as testing, review and buying centre members must take a final decision.

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4 years ago

Moss exchanges a warehouse for a building he will use as an office building. The adjusted basis of the warehouse is $600,000 and

rodikova [14]

Answer:

correct option is b. $0 and $450,000

Explanation:

given data

adjusted basis warehouse = $600,000

fair market value office building = $350,000

receives cash = $150,000

to find out

What is the recognized gain or loss and the basis of the office building

solution

we get first realized amount that is

realized amount = office building + cash

realized amount = 350000+ 150000

realized amount = $500000

adjusted basis = $600000

realized loss = $10000

and recognized loss = $0

and

basis of office building will be here as

basis of office building = office building + postponed loss

basis of office building = 350000 + 100000

basis of office building = $450000

so correct option is b. $0 and $450,000

4 0

3 years ago