ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Part of what makes an entrepreneur successful is their willingness to learn from mistakes, continue to ask questions, and persist until they reach their goal.

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: -Self-discipline. Determination and persistence are a part of self-discipline. In order for an entrepreneur to be persistent despite the difficulties and not give up, he has to be equipped with self-discipline.

Detailed explanation-4: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.