Final answer:
An entrepreneurial team is not limited to just the owner, financier, and one key employee; this composition is falsely oversimplified. Entrepreneurial teams generally include a broader range of players such as advisors, other employees, and management along with the entrepreneur who takes the central risk and drives the vision of the company.
Step-by-step explanation:
The statement that an entrepreneurial team consists of the owner, the financier, and one key employee is false. An entrepreneurial team can have various structures and is not limited to just these three roles. The core of any entrepreneurial venture is the entrepreneur themselves - the individual who comes up with the idea to create a new product or provide a service, and who then takes the risk to combine the factors of production to meet the consumer demand and make a profit. While the owner and the financier, such as angel investors or venture capitalists, play crucial roles by providing the capital and expertise necessary for the startup's success, the team may also include other employees, advisors, and managers who are essential to developing and executing the business plan.
Entrepreneurs are often viewed as risk-takers, but they also strategically calculate risks, balancing them against the potential benefits. The success of a young startup depends not just on the financial investment but also on the founders' commitment, the business strategy, and the management team's ability to execute the plan effectively.