ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Entrepreneurs work until the job is done. They are determined to overcome problems and to pursue their goals in order to make their business successful. Entrepreneurs are constantly looking for new ways to solve problems. An entrepreneur is accountable for his/her actions and does what is required.

Detailed explanation-2: -Entrepreneurial persistence is demonstrated by an entrepreneur’s continued positive maintenance of entrepreneurial motivation and constantly-renewed active engagement in a new business venture despite counter forces or enticing alternatives.

Detailed explanation-3: -As an entrepreneur you need to be persistent because it can be difficult to keep things going when you are not seeing instant success. Persistence is also crucial because you are bound to make mistakes. When you give up too early, you cannot learn from your mistakes.

Detailed explanation-4: -How to overcome it: Be organized and delegate. 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.