ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Entrepreneurs are born out of necessity, not on how focused someone is or their determination. The entrepreneur is vulnerable and they must be able to work with many people who may have opposing views.

Detailed explanation-2: -“It is a myth to think that Entrepreneurs are born, the reality is that entrepreneurs are made by being committed to calculated risk taking and perseverance against all odds. As an entrepreneur it’s likely you’ll make mistakes along the way – success comes from learning from your own mistakes.

Detailed explanation-3: -Identify tasks that can be delegated and then delegate them. Resist the urge to do them yourself because you know you could do it perfectly. Trust your team members–they will surprise you with how much they can get done and how well they can do it. Focus on your own strengths and let others handle everything else.

Detailed explanation-4: -Rather it is achieved through experiences, knowledge and passion. The same goes for business. Entrepreneurs are not marked from birth; they are people who made a series of good decisions in their businesses and lives. Therefore, entrepreneurs are not born; they are made.