Answer: Characteristics of entrepreneur-
1. They are highly motivated person
2. They are very creative
3. They have vision
4. They don't have any fear in taking risk
Concern of risk-
"Profit is the reward for risk" and " Higher the risk higher the profit"
1. People risks
People are almost always an underlying factor in positive or negative outcomes for an enterprise. Risks to people can affect -- or create -- virtually any other risk.
2. Process risks
From assembly lines to supply chains to digital workflows, failure to execute important business processes properly can become a strategic risk to an organization and create downstream risks to other parts of an enterprise, especially if a process malfunction disrupts strategic planning efforts.
3.Technology risks
Considering how much businesses depend on access to the internet, wireless communications, highly sophisticated business systems and applications, laptop computers and smart phones, any kind of power loss or technical failure can devastate an organization's ability to function. Even with the advent of cloud-based services that speed business operations, provide alternate processing and data backup systems, and support disaster recovery, technology risks persist.
4.Facility risks
The effects of the pandemic made remote work a necessity, while advances in technology are making hybrid workforces reality.
Example of Entrepreneur-
A single-location restaurant, one grocery shop, or a retail shop to sell your handmade goods would all be an example of small business entrepreneurship. These individuals usually invest their own money and succeed if their business turns a profit, which they live off of.
Step-by-step explanation: