BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -And creativity is essential for entrepreneurship. After all, businesses are built on new ideas. Entrepreneurs need to be able to see things in new ways and find innovative solutions to problems. They also need to be able to sell their ideas to others, which requires both creativity and communication skills.
Detailed explanation-2: -Creativity and innovation helps develop new ways of improving an existing product or service to optimize the business. This also allows entrepreneurs to think outside the box and beyond the traditional solutions. Through this opportunity new, interesting, potential yet versatile idea come up.
Detailed explanation-3: -Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional’s success. Without passion, there is no reason for your work and no drive to do it. Entrepreneurs love what they do and are extremely dedicated to the businesses they create.
Detailed explanation-4: -A creative entrepreneur is a typical small business owner who works to implement ideas and assumes the risk to grow their own business, but focuses on creative projects and ideas. They use their creative or intellectual knowledge and skills to make an income, usually in a business or as a freelancer.
Detailed explanation-5: -As an entrepreneur, you’re responsible for forging your own path. This can require a lot of legwork, research, and often includes plenty of ups and downs. You’ll likely work harder than you ever have in your life, log more hours than you ever would in a day job, and will have a much higher level of accountability.