Question
nana's problems. AS a stuces
a. Examine any ten (10) constraints associated with the selection of a new venture
opportunities in your locality as a young entrepreneur. (10 marks)
b. Briefly explain with examples, the paramount ingredients of entrepreneurship.
(8 marks)
Answer
a. Constraints associated with selecting a new venture opportunity in a locality as a young entrepreneur may include access to capital, availability of resources, local regulations, competition, market size, customer base, industry trends, access to technology, access to skilled labor, and access to mentors.
b. Paramount ingredients of entrepreneurship include vision, risk-taking, creativity, problem-solving, decision-making, networking, communication, and financial management. Examples include developing a business plan, identifying potential customers, securing financing, and managing cash flow.