ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Spontaneous Entrepreneurs These entrepreneurs start their business because of their natural talents. They are persons with initiative, boldness and confidence in their ability which motivate them to undertake entrepreneurial activity. Such entrepreneurs have a strong conviction and confidence in their inborn ability.

Detailed explanation-2: -In analyzing what ends up driving these entrepreneurs, researchers and observers find 4 particularly strong motives: control, freedom, impact and wealth (in alphabetical order.) Some or all of these motivations may be important to you as an entrepreneur.

Detailed explanation-3: -A hustler entrepreneur is a self-starter motivated by their goals and aspirations to succeed in entrepreneurship. Such people start small and work hard to grow their business.

Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)