INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taking Moderate Risk
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Seeking Information
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Oppotunity Seeking
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Self-confidence
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Detailed explanation-1: -Entrepreneurs set goals and objectives which are meaningful and challenging. Entrepreneurs gather information about their clients, suppliers, technology and opportunities. Systematic behaviour means acting in a logical way. Planning is deciding what to do.
Detailed explanation-2: -Entrepreneurs identify market needs and develop solutions through their products and services to begin their business venture. By starting new firms and businesses, entrepreneurs play a key role in shaping the economy and creating a more dynamic and diverse business landscape.
Detailed explanation-3: -Self-discipline enables an entrepreneur to achieve their targets, be organized and set an example for everyone.
Detailed explanation-4: -Industrial Entrepreneur: Industrial entrepreneur is essentially a manufacturer, who identifies the potential needs of customers and tailors a product or service to meet the marketing needs. He is a product-oriented man who starts in an industrial unit because of the possibility of making some new product.