The entrepreneurial process involves the pursuit of a new venture, such as new products or new companies. The individuals that undertake this process must
possess unique characteristics, abilities, and backgrounds. These individuals must also be willing to accept the possibility of failure as they take on risks
that others avoid. Consider the risks that are particular to entrepreneurs and how they can be dealt with.
Based on your reading for this week:
What risks do you see in becoming an entrepreneur, and how will you mitigate these risks?
Sample Solution