_______ would generally rather work—or play—on their own than be a member of a team. Smart entrepreneurs regularly seek _______ from consultants or a board of directors. _______ is the number one reason most businesses fail. _______ management is a key ingredient in the success of any business.

Answers

Answer 1

Entrepreneurs would generally rather work—or play—on their own than be a member of a team. Smart entrepreneurs regularly seek advice from consultants or a board of directors. Insufficient cash is the number one reason most businesses fail. Personnel management is a key ingredient in the success of any business.

Answer 2

Entrepreneurs would generally rather work—or play—on their own than be a member of a team. Smart entrepreneurs regularly seek advice from consultants or a board of directors. Insufficient cash is the number one reason most businesses fail. Personnel management is a key ingredient in the success of any business.

What do you mean by Management?

The process of completing the labor or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management.

A person who starts and/or invests in one or more enterprises, taking on the majority of the risks and reaping the majority of the gains, is referred to as an entrepreneur. Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.

More specific definitions of entrepreneurship include the "ability and willingness to develop, organize and manage a commercial endeavor together with any of its risks to make a profit" and "the process of developing, launching and maintaining a new firm, which is typically similar to a small business."

Therefore, Entrepreneurs, Advice, Insufficient and Personnel are correct answers respectively.

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