What are the three biggest challenges that aspiring entrepreneurs face? Explain why? What can be done to overcome them?

Describe what are three factors which entrepreneurs consider as their business success?

What advantages do entrepreneurs and their business have?

Describe two external factors that can affect entrepreneurship in a particular industry. Evaluate how these factors can create opportunities or challenges for entrepreneurs.

What is the difference between standard of living and quality of life? What is risk, and how is it related to profit?   What do the terms stakeholders, outsourcing, and insourcing mean? What are some of the advantages of working for others? What benefits do you lose by being an entrepreneur, and what do you gain? What are the five factors of production? Which ones seem to be the most important for creating wealth? What are four ways the government can foster entrepreneurship? What is the difference between effectiveness, efficiency, and productivity? What is empowerment? What are some of the major issues affecting the economy today? What major factor caused people to move from farming to manufacturing and from manufacturing to the service sector? What does the future look like for tomorrow’s college graduates? What is the difference between macroeconomics and microeconomics? What is better for an economy than teaching a man to fish? What does Adam Smith’s term invisible hand mean? How…

Explain the concept of entrepreneurship and its role in the business world. What qualities make a successful entrepreneur?