ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the ability to access capital easily
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a set of unique skills, usually accompanied by advances degrees in several areas
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a high level of commitment, tolerance of ambiguity, flexibility and tenacity
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specialized technical abilities
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Detailed explanation-1: -As entrepreneurs, they will have a significantly greater capacity to tolerate ambiguity than managers have. This suggests that an entrepreneur’s tolerance for ambiguity may be able to assist in dealing with, or to moderate, the adverse personal effects of role pressures generated by role conflict.
Detailed explanation-2: -A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.
Detailed explanation-3: -As we’ve mentioned before, an important part of being an entrepreneur is having a tolerance for ambiguity. What does this mean? It means a person is able to handle stress even if they don’t know what’s going to happen in the near future. This is highlighted in Unit 3 of our Entrepreneur Journey curricula.
Detailed explanation-4: -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.