1.2 Potential Rewards for Risk-taking

Front

What is the main financial motivation for entrepreneurs?

Back

The main financial motivation for entrepreneurs is to make a profit to live off and to invest back into the business.

Front

Why is profit important for entrepreneurs?

Back

Profit is important because it is the main motivating factor for many entrepreneurs, allowing them to benefit from a large share of the profit and enjoy a more luxurious lifestyle.

Front

What is a key reason entrepreneurs seek independence?

Back

Entrepreneurs seek independence to not work for someone else, allowing them to make creative decisions, set their own working hours, and choose their work.

Front

How can setting up a business be self-satisfying for entrepreneurs?

Back

Setting up a business can bring a sense of achievement through positive customer feedback, loyal customers, seeing the business grow, and winning awards.

Front

How do some entrepreneurs aim to make a difference or change?

Back

Some entrepreneurs aim to make a difference by addressing gaps in the market, being environmentally sustainable, supporting entrepreneurship in schools, and helping people live a healthier lifestyle.

Front

What role does negotiation play in entrepreneurial success?

Back

Negotiation involves discussing different objectives or ideas to reach an agreement, which is important for compromising, changing ideas, securing additional funding, and finding the best prices and delivery dates.