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Two financial challenges that young entrepreneurs may initially encounter and indicate are lack or low personal capital and lack of networking.
Entrepreneurship: What Is It?
A person who starts a new firm and takes on the majority of the risks and benefits is referred to as an entrepreneur. Entrepreneurship describes the act of starting a firm. The entrepreneur is frequently viewed as a creator of novel concepts, products, services, businesses, or methods.
How Entrepreneurs Generate Income?
Like any firm, entrepreneurs look to increase revenues above costs in order to profit. The objective is to increase revenue, and networking, marketing, and word-of-mouth are all effective ways to do this. Cost control is essential since it increases profit margins. Operations that are efficient and eventually scale up will make this possible.
Learn more about entrepreneurs with the help of the given link:
brainly.com/question/13800389
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