ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Self-confidence is the key to entrepreneurship. It’s what allows us to challenge norms and step into the unknown without fear. It gives us a feeling of certainty and the ability to take action in a constantly-changing world.

Detailed explanation-2: -Successful business owners are, by definition, confident entrepreneurs. You need the confidence to start a business, to believe in your products and services, and that you’re making the right strategic decisions. Now, being a generally confident person doesn’t necessarily translate to being a self-assured entrepreneur.

Detailed explanation-3: -Entrepreneurs Believe in Themselves It takes real self-belief to feel positive that the market will be interested in your ideas and that you can deliver them to the public. Don’t confuse this self-belief for blind faith.

Detailed explanation-4: -Thomas Edison is a great example of an entrepreneur with unshakeable confidence. The inventor of the light bulb failed numerous times before being successful and is quoted to have said: “I have not failed.

Detailed explanation-5: -Entrepreneurs believe that anything is possible. Entrepreneurs don’t know the meaning of the word impossible, and they will pursue their ideas until they find the success they are looking for.