Week 2 Entreprenuer mindset

Question 1

Why do people want to be an entreprenuer

Answer 1

opportunities driven (they want freedom,build wealth and find working for people boring)

Question 2

neccessity driven

Answer 2

there is a need. cant get a job or want to have more money to support family,

Question 3

self-efficacy

Answer 3

simply believe they can become a successful businesperson. usually, migrants will fall under this reason. want to show the local that they too can become successful.

Question 4

Problems with doing a business?

Answer 4

stressful, lose trust in others, being unrealistic optimism, may lose all money