ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A successful entrepreneur would focus on the future and be sensitive towards any changes. Money is the symbol of a non-monetary reward to an entrepreneur. The attitudes that an entrepreneur should possess are law, managements, economics, values, business and culture. they try to overcome competitors using various ways.

Detailed explanation-2: -Just like time management and organization can be improved with effort, so can an entrepreneur’s focus. It’s all about self-awareness-business owners need to ask themselves what they really want out of life, what they want out of their business, and what they want out of the decisions that they make each day.

Detailed explanation-3: -Successful entrepreneurs are driven, ambitious and willing to take risks others won’t. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.

Detailed explanation-4: -Don’t take ‘no’ for an answer. Learn from the best. Stay hungry and ambitious. Never stand still; evolve with the times. Nurture long-term business relationships. Inspire those around you. Trust your gut instinct, not just your spreadsheet.

Detailed explanation-5: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.