Entrepreneurs are often overconfident in their own abilities, which can lead them to start businesses even though they lack the skills they need to succeed.

Question

Quizplus · Accepted Answer

Studies have shown that many entrepreneurs have a high degree of overconfidence in their abilities, which can lead them to start businesses without the necessary skills or experience. This can increase the risk of failure for their businesses.

Entrepreneurs Are Often Overconfident in Their Own Abilities, Which Can