ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -They are not afraid to ask questions or to conduct research in order to solve problems. 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.

Detailed explanation-2: -Entrepreneurs are considered serial decision makers because they make lots of decisions every day and are generally wired to be risk takers and aren’t afraid of learning from their mistakes. Decision-making usually comes easier to entrepreneurs and high “D” personalities versus people who tend to be more risk averse.

Detailed explanation-3: -In order to constitute independent entrepreneurial activity, the business must be carried on independently, not under the management and supervision of an employer or other principal.

Detailed explanation-4: -Whether to act on their idea. Whether to give up or persist in the face of failure. Which experts to consult. What the core values of their company will be. Whether to seek external investment or not. Their ideal customer. How they’ll price their products. More items •19-Jul-2021

Detailed explanation-5: -Start the day by relaxing. You will find yourself constantly exhausted if your brain is always running. Plan for your week. Spend time catching up on news. Compartmentalize instead of multitasking. Organize your workplace. Take daily notes. Make personal connections. 27-Oct-2021