Question

Entrepreneurs can increase their chances for success if they ________.

a. know their business in depth and develop a solid business plan

b. manage their financial resources and understand financial statements

c. learn to manage people and keep in touch with how they react to stress and balance their health needs with the needs of the business

d. All of these

Answer 1

Entrepreneurs can increase their chances for success if they follow all the options. They should know their business in depth and a solid business plan should be developed to successfully achieve the goals of the organization. Yes, not a very in-depth but a clear understanding of the 3 financial statements is important for the entrepreneur, so that they can manage their financial resources well. Yes, it is also important that an entrepreneur knows how to manage people well and strike a balance between their health and the needs of the business so that they do not over stress themselves with the responsibilities of the organization.

So, the correct option is option D.