ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why do people want to become entrepreneurs?
A
Make a guaranteed amount of money
B
To be their own boss and make decsions
C
To work longer hours
D
To show off how talented they are
Explanation: 

Detailed explanation-1: -The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.

Detailed explanation-2: -Be your own boss. Potentially unlimited income. Choose when and where you work. Make a living doing what you love. Constant growth and development. Choose who you work with. Create a positive impact. More items •07-Nov-2021

Detailed explanation-3: -Reason 1: Achievement, Challenge, & Learning. Reason 2: Independence & Autonomy. Reason 3: Income Security and Financial Success. Reason 4: Recognition and Status. Reason 5: Family. Reason 6: Dissatisfaction with Current Work Arrangements. Reason 7: Community and Social Motivation. 27-Jan-2016

Detailed explanation-4: -Whether to act on their idea. Whether to give up or persist in the face of failure. Which experts to consult. What the core values of their company will be. Whether to seek external investment or not. Their ideal customer. How they’ll price their products. More items •19-Jul-2021

There is 1 question to complete.