Question

3. Is starting a local restaurant and starting a company like Facebook, both entrepreneurial endeavors? What is the difference?

*Please use different answer from the chegg since my friend already use the answer. Thankyou.

Answer 1

• Both of these are entrepreneurial endevors. Both have some similarities and disimilarities.
• Facebook is an example of technical entrepreneurial endeavor while local restaurant is non-technical ones.
• Venture like facebook requires innovativeness and on other hand, starting local restaurant does not require substantial amount of innovativeness.
• venture like facebook has relatively lesser chance of success while running restaurant would have relatively more chance of success.
• Cost of starting facebook like venture would be relatively high.