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Entrepreneurship high risk results high profit study material

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ENTREPRENEURSHIP
(HIGH RISK = HIGH PROFIT)
Assignment # 01
COMSATS University Islamabad, Wah Campus
Department of Civil Engineering
Subject: Entrepreneurship
MARCH 25, 2021
CIVIL ENGINEERING DEPARTMENT

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Q no 01: Entrepreneurship is about high profit and high risk. Explain how?
Successful Entrepreneurship involves taking risks. That is the fact, and its true for many cases.
If a person does not embrace risk-taking attitude, he may rethink being a business owner or simply
considered as shop-keeper approach.
Many entrepreneurs have taken risks to bring their business to that level, where they are now,
A successful stage. Taking risks does not even mean to go into business blindly without thinking
appropriately and after that expecting great results is none other than the childish thinking.
Following explanation is providing necessary information to understand the fact:
1. Learn from taking risks:
Some risks may not pay off, but an optimistic risk-taker will always look at failure as
an opportunity to learn. Failure will teach you how to think and plan strategically. High profit
is associated in this case because when we plan accordingly and strategically after failure and
chances to succeed increases. Because barriers to success are eliminated with failure lesson.
2. Innovation and opportunity are tied to risk:
Entrepreneurs (business leaders) accept risk as a cost of opportunity and innovation.
As you are challenging yourself by accepting risk not like typical business owners who were
avoiding this opportunity because of higher. Now it becomes a feasible environment for
entrepreneur because challenge is its nature. To lessen the level of risk, innovation comes to
overcome hurdles, and then higher success chance and high profit will avail the opportunity.
3. Those who take risks already have a competitive advantage:
Since most people tend to avoid risk, those who are brave enough to take risks already
have a competitive advantage. Like the concept of a first-mover advantage, when most
individuals stay away from risk, that means less competition for risk-takers. This means if you
have found a worthwhile opportunity, and no one else has jumped on it, you are the only
business reaping the benefits and communicating with customers.

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ENTREPRENEURSHIP (HIGH RISK = HIGH PROFIT) Assignment # 01 COMSATS University Islamabad, Wah Campus Department of Civil Engineering Subject: Entrepreneurship MARCH 25, 2021 CIVIL ENGINEERING DEPARTMENT Q no 01: Entrepreneurship is about high profit and high risk. Explain how? Successful Entrepreneurship involves taking risks. That is the fact, and its true for many cases. If a person does not embrace risk-taking attitude, he may rethink being a business owner or simply considered as shop-keeper approach. Many entrepreneurs have taken risks to bring their business to that level, where they are now, A successful stage. Taking risks does not even mean to go into business blindly without thinking appropriately and after that expecting great results is none other than the childish thinking. Following explanation is providing necessary information to understand the fact: 1. Learn from taking risks: Some risks may not pay off, but an optimistic risk-taker will always look at failure as an opportunity to learn. Failure will teach you how to think and plan strategically. High profit is associated in this case because when we plan accordingly and strategically after failure and chances ...
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