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characteristics, risk and reward for enterprise - Coggle Diagram
characteristics, risk and reward for enterprise
rewards
financial
could make a lot of money
self satisfaction
if you make a business that is very good then you will be happy that you did it
being your own boss
being your own boss means you can decide when you work
characteristics of successful entrepreneurs
determination
you need to be determined to start up and maintain a business
creativeness
need your product to stand out from others
communication
you need to be able to communicate with employees and potential investors
innovation
you need to be innovative to make a product stand out
risk taking
it is risky starting a business
risks
financial
you could lose the money already invested in the business
being your own boss
being your own boss can be stressful
faliure
people might not want the product that you are trying to sell
work life balance
you could lose time with family and friends