The most important elements of the formula for SUCCESS in business:

Knowledge

Motivation

Money

What are the key factors influencing starting your own business?

The need to earn a lot of money

Passion for a business idea

Business involvement

Basic criteria for making a decision on the choice of business to be engaged in:

the field of work in which the entrepreneur has certain knowledge and experience

reflects what the entrepreneur likes to do

market and profit potential of the business idea

In business:

You always take risks

You only take calculated risks

You never take risks

The most common personality traits of an entrepreneur are:

Acceptance of responsibility

Untrustworthiness,

Adaptability,

In order to assess the competitive advantage, it is necessary to:

Defines the target group

To ignore the competition

To estimate the possible volume of sales