ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -They Delegate and Distribute Accordingly, when an entrepreneur faces a tough decision or a difficult situation, they defer judgment to other experts, and call in help to solve the problem as efficiently as possible.

Detailed explanation-2: -Self-doubt and uncertainty For first-time entrepreneurs, dealing with the uncertainties of the venture can be a tough task. The entrepreneurs can often feel ultimately responsible for the success or failure of their venture. There are also many detours and deviations from the initial plan.

Detailed explanation-3: -They are inquisitive. This isn’t about book smarts, but rather the constant thirst for more knowledge, formal education or not. All great entrepreneurs have a natural inquisitiveness and curiosity that drives them to look at problems differently to create unimagined solution.

Detailed explanation-4: -Being curious can also help entrepreneurs discover new market opportunities. In particular, this quality can push you to learn more about the industry you’re in, equipping you with the knowledge to outperform your competitors. Here, curiosity can be particularly useful in design thinking and strategy making.