ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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-2: -The ability of an entrepreneur to remain steadfast, focused and solution-oriented in spite of what could become roadblocks makes their business more likely to succeed. Persistence means showing up again and again (and again) until you make it.

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: -Motivation Entrepreneurs need motivation to constantly push their skills to stay relevant in a dynamic market. To build motivation, you can start by looking at things at the micro-level. Set and achieve small goals to build a ladder towards larger ones. Maintain morale and confidence throughout your journey.

Detailed explanation-5: -Motivation. Passion. Vision. Confidence. Decision making. 02-Jan-2021