Walden University Entrepreneur Risks and their Mitigating Strategies Discussion
Question Description
Course Text: Hisrich, R.D., Peters, M.P., & Shepherd, D.A. (2020). Entrepreneurship (11th ed.). New York: McGraw-Hill Irwin.
Discussion – Week 1
Entrepreneur Risks
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?
With these thoughts in mind:
Post a 300 or more statement that discusses risks entrepreneurs face and how to mitigate these risks.
ALL claims must be supported by scholarly sources
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