INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Self-confident
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Over ambitious
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Goal-oriented
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Creative
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Detailed explanation-1: -Variability-an entrepreneur is open to variations and changes (in products and services) to run a successful business. Control other factors is not a characteristic of an entrepreneur because there are factors that are beyond the control of an entrepreneur. Thus, the correct option is D.
Detailed explanation-2: -Characteristics of Entrepreneurship: Therefore, an entrepreneur needs to be courageous and able to evaluate and take risks, which is an essential part of being an entrepreneur. Innovation-It should be highly innovative to generate new ideas, start a company and earn profits out of it.
Detailed explanation-3: -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.
Detailed explanation-4: -Persuasiveness. No less an authority than Dallas Mavericks owner and Shark Tank investor Mark Cuban puts salesmanship at the top of his must-have list of traits for successful entrepreneurs. Flexibility. Creativity. Self-motivation. Tenacity. Passion. 08-Dec-2020