ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Entrepreneurs develop a plan of action and must make decisions to help achieve that plan. Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision. Entrepreneurs believe in themselves.

Detailed explanation-2: -Entrepreneurs are goal-oriented Entrepreneurs are all about setting goals and putting everything they have into achieving them. They’re determined to make their business succeed and will remove any obstacles that stand in their way.

Detailed explanation-3: -’ Entrepreneurs are quick to take action and to carry out the decisions they have made. Moving fast means getting quick feedback from their actions. If they find they’ve made a mistake, they self-correct and are not afraid to try something else. Entrepreneurs embrace change, innovation, and new opportunities.

Detailed explanation-4: -The final trait that all successful entrepreneurs must possess is being decisive and action-oriented. They must think and make decisions quickly. They discipline themselves to take action and to carry out the decisions they have made. They move fast and they get quick feedback from their actions.

Detailed explanation-5: -Entrepreneur goal setting is important because starting a successful business takes time, patience and dedication. If you’re launching a new company, defining your goals can help you track your company’s progress. Goal setting helps you visualize your thoughts and ideas more clearly.