ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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. Focus on your own strengths and let others handle everything else.

Detailed explanation-2: -Though the entrepreneurial process, people will almost always have to overcome challenges. To handle these challenges, an entrepreneur must show determination and persistence. Persistence is also required to continue advancing projects and achieve the desired goals.

Detailed explanation-3: -High levels of stress. Struggling to find product market fit and finding customers. Overworking and becoming burned out. Lack of cash flow. Finding the right business model. 15-Dec-2022

Detailed explanation-4: -Sacrifice – Are you willing to sacrifice short term to benefit in the long term? Experience – Do you have some business or related experience? Leadership – Do you like being the leader? Organization – Are you organized? Optimism – Are you optimistic?