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Greg Flahive is From California, USA, and Greg Flahive is an entrepreneur and he always continuously comes up with new ideas and starts new businesses.<br>
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Benefits of creating a successful business Greg Flahive
• Profit is simply the amount of money an entrepreneur or business makes a3er paying their expenses. Profit is the mo9va9ng factor for any entrepreneurs who seek to develop a new business. Most major corpora9ons and businesses were created in hopes of making a profit.
Entrepreneur • a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so
Benefits of creating a successful business: • being your own boss • working long hours for yourself as opposed to someone else • and receiving the majority of the profit. • In some cases an extremely successful business is bought by someone else, providing the entrepreneur with a huge profit.
Risks of owning your own business: • over 50% of all businesses fail within their first five years • People who start their own businesses and fail often lose their own money and time in the process. • Most common reasons for failure: • include lack of experience •lack of capital •too much competition
