entrepreneurship interview | Interview Assignment
In the entrepreneurial journey, there are different challenges that are faced and the success of a business depends on how these challenges are mitigated. The main reason why most people fail in entrepreneurship is because they do not come up with strategies to manage the emerging challenges (Ardichvili, Richard, andSourav, 2003). According to psychological theory of entrepreneurship, entrepreneurship will only succeed when a person has the right psychological mindset like the need for high achieve, vision, foresight, and ability to face opposition. The ability to face opposition mainly entails the strength of the entrepreneur to overcome the challenges that are faced in the course of running the business. In addition, the innovation theory posits that an entrepreneur must be innovative in the way he/she navigates the challenges facing the business.