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5 cards from this section. Quick, good the night before a test.
Define what risk-taking means in entrepreneurship.
Think about whether it involves risks that can affect a business.
What is a calculated risk?
Consider the words 'calculated' and 'risk' together.
What is the primary characteristic of a successful entrepreneur regarding risks?
Think about how entrepreneurs must weigh their options.
True or False: All risk-taking is unnecessary and leads to losses.
Consider why entrepreneurs take risks in the first place.
Develop a risk management plan for a new restaurant. Identify at least three types of risks and propose strategies to manage them.
Think of what could go wrong in various aspects of the restaurant.
Evaluate the role of risk-taking in technological startups. Discuss how necessary it is for innovation.
Consider how many successful tech companies were initially met with skepticism.
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