Entrepreneurs and enterprise, business plans, measuring business size, growth methods and why some businesses stay small.
Enterprise and entrepreneurs
An entrepreneur is a person who organises the factors of production and takes the risk of starting and running a business. Characteristics include being hard-working, creative, willing to take risks, self-confident and good at decision-making.
Benefits of starting a business include independence, profit and personal satisfaction; risks include losing invested money, long hours and possible failure.
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