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positive mindset when facing challenges and obstacles so they do not get discouraged and give up. the risks of entrepreneurship many people have brilliant start - up ideas and start their businesses. however, due to a lack of planning and correct guidance, they tend to fail. there are many types of risk that face the entrepreneur. for instance, there is market risk, financial risk, technology risk, work - life balance risk, and competitive risk to name a few. according to business owners, reasons for failure include running out of money, being in the wrong market, bad partnerships, ineffective marketing, a failure to properly research, and not being an expert in the industry. most entrepreneurs are forced to work long hours to sign up customers and keep money coming in. work - life balance is one of the hardest things about being an entrepreneur. which of the following would not typically contribute to a business failing? lack of planning self - motivation lack of guidance
Self - motivation helps entrepreneurs face challenges. Lack of planning and guidance can lead to business failure as stated in the text. Self - motivation is a positive trait for business success, not a cause of failure.
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self - motivation