Entrepreneurial Decision Process
Entrepreneurial Decision Process
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The individual / entrepreneur has to take a number of decisions in sequential order, call it the entrepreneurial decision process, to leave the present status and become an entrepreneur.
Broadly, there are two reasons for individuals to become entrepreneurs:
- By chance, and
- By compulsion.
Simply, you as an entrepreneur will make decisions about everything. Some decisions are more influential on your overall business processes, but some of them are small decisions without significant effect on your business as a whole.
Question to Consider: - Explain the concept of Entrepreneurship Decision Process?
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