Question

What is the wrong type of entrepreneurship? What's a dango?

Answer 1

Wrong entrepreneurship is improper way or leading the business with wrong methods of strategy that results in the failure of the business.

There are eight methods or types of wrong entrepreneurship:-

a) . Entrepreneur having small margin.

b). Entrepreneur not having proper knowledge of marketing.

c). Entrepreneur not having proper goals or not setting achievable targets.

d). More dependent on the self capability of the entrepreneur.

e). Not having proper plan of money management. Example: Not spending enough money or spending too much money.

f). Psychological beliefs of having no competition.

g). Hiring decision made on cost.

h). Should provide equal priority to downline team of new workers and the product (goods)