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Part 1: Describe the following in 175 words: • 2 of the main risks of entrepreneurship and small business ownership ​

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1.Bankruptcy

It is a process a business goes through in federal court. It is designed to help your business eliminate or repay its debt under the guidance and protection of the bankruptcy court.

2. Financial risk

it is the possibility of losing money on an investment or business venture. Some more common and distinct financial risks include credit risk, liquidity risk, and operational risk. Financial risk is a type of danger that can result in the loss of capital to interested parties.

3. Founder risk

it considers who the founders of the company are, if they get along, and how they will work for the company.

4.Product risk

it takes into account the engineers creating new product for the business and how they will recruit other product engineers.
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