"Unsuccessful Entrepreneurs Often Equate an Idea with an Opportunity; Successful

question 32

Multiple Choice

"Unsuccessful entrepreneurs often equate an idea with an opportunity; successful entrepreneurs know the difference." What did J.A. Timmons intend with this quote?

• A) There is a big difference between an idea and an entrepreneurial opportunity
• B) Successful entrepreneurs are energetic and make a difference
• C) Unsuccessful entrepreneurs are dreamers
• D) A great deal of resources (time, knowledge, etc.) are required to develop a basic idea into an achievable opportunity

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Definitions:

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Innovator's Imperative

The necessity for innovators to continually evolve and adopt new strategies to remain competitive in rapidly changing markets.

Reaching Out

The act of initiating communication or making an effort to connect with someone for various purposes, including support, networking, or assistance.

Uncovering Principles

The process of identifying fundamental truths or laws that serve as the foundation for systems, practices, or theories.