What are the types of decisions entrepreneurs need to make?
Entrepreneurs encounter various types of decisions, including:
Strategic Decisions: Long-term choices impacting the overall direction of the business, such as market entry, product development, and scaling. Operational Decisions: Day-to-day choices related to business operations, such as inventory management, staffing, and process improvements. Financial Decisions: Choices related to funding, budgeting, and financial planning, such as securing investment, managing cash flow, and allocating resources. Marketing Decisions: Choices about how to promote and sell products or services, including pricing strategies, advertising, and distribution channels.