ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A strong network can provide you with: Practical advice: Seasoned entrepreneurs can share guidance based on their successes and mistakes. Funding and investments: Relationships with investors can lead to the capital necessary to start and grow your business.

Detailed explanation-2: -Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development.

Detailed explanation-3: -Five factors will be key to entrepreneurial success: creativity, tolerance for risk, responsiveness to opportunities, leadership and the ability to take advantage of the rights afforded to you.

Detailed explanation-4: -Start by identifying a customer you want to serve. Talk to your customers. Let your customers create your business. Presell your product. Launch the business when you have sufficient funds. Create your MVP and let your customers improve it. More items •04-Jun-2015