The key to becoming a successful entrepreneur is learning how to navigate those risks. So today, let’s look at three of the potential risks you can face in business.
Do you have a vision for your business? Vision is the entrepreneur’s ability to see possibilities where others see impossibilities. It’s the entrepreneur’s ability to see what others cannot.
In the context of business, Innovation is a process by which a domain, a product, or a service is renewed and brought up to date by applying new processes, introducing new techniques, or establishing successful ideas to create new value.
Some researchers refer to entrepreneurship as a process that results in the change in the economic system because of the innovations of individuals that see opportunities and decide to act on those opportunities to benefit themselves and society.