ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An entrepreneur is forward-looking. You have an advanced preparation for your business.
A
Hardworking
B
Persistence
C
Goal Oriented
D
Profit Oriented
Explanation: 

Detailed explanation-1: -An entrepreneur is forward-looking. You have an advanced preparation for your business. You should know that in your business, personal needs, attachment to your friends, families and relatives are set aside. When misfortunes happen, consider these as challenges and work them out and set good alternatives.

Detailed explanation-2: -Goal-Oriented: An entrepreneur is forward looking. You have an advanced preparation for your business. You set a long-term goal for the activities that are needed, an extensive preparation for the production process and procedures that you need to go through to acquire, human and non-human resources.

Detailed explanation-3: -Entrepreneurs are goal-oriented They’re determined to make their business succeed and will remove any obstacles that stand in their way. They also tend to be strategic in their game plans and have a clear idea of what they want to achieve and how they plan to do it.

Detailed explanation-4: -Entrepreneurs regularly seek out opportunities that can grow or boost sales for their business. They identify which product to add and which market to expand to. An entrepreneur should listen to their potential clients and find opportunities to develop tailored products that cater to their clients’ needs.

Detailed explanation-5: -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.

There is 1 question to complete.