Entrepreneurs face various types of risks, including:
Market Risk: The possibility that the target market may not respond as expected to the product or service. Financial Risk: Relates to the potential loss of invested capital and challenges in securing funding. Operational Risk: Involves disruptions in the day-to-day operations of the business. Competitive Risk: The threat posed by existing or new competitors in the market. Compliance Risk: The risk of failing to adhere to industry regulations and legal requirements.