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The roles of entrepreneurs in risk-taking in a business
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[QUOTE="Leah Kelvin, post: 335715, member: 106815"] Entrepreneurs are important to businesses because they assume risks. Here are some key roles that the entrepreneurs play: 1. Identifying opportunities: Entrepreneurs possess expertise in discovering market imperfections and spotting potential business prospects. Therefore, they dare unknown borders and take radical steps. 2.Calculating and managing risks: This group of people also put into consideration the risks of their business endeavors. They estimate possible benefits and hazards, arrive at reasonable decisions, and undertake calculated ventures in order to increase chances of success. 3. Embracing uncertainty: Uncertainty is a given for entrepreneurs who do not mind coming out of their comfort zones. They have got the audacity to follow their dreams despite the dangers involved. 4.Adaptability and resilience: Entrepreneurs are adaptable as well as resilient when it comes to challenges or failures encountered in life. They accept failures as learning experiences, change their direction, and persistently chase after objectives. [/QUOTE]
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The roles of entrepreneurs in risk-taking in a business
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