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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Desire to be one’s own boss
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Desire for financial rewards
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Desire to create one’s own job security
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Desire to improve one’s quality of life
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Detailed explanation-1: -Freedom and passion, not money, is the main motivation. Nearly two-thirds of respondents said they had started their own business for one of those two reasons. On the other hand, money is not as much of a factor for many small business owners: Just 8% of respondents said that was their main motivation.
Detailed explanation-2: -Monetary gains, more freedom, more authority, and creative control are the four motivations of an entrepreneur.
Detailed explanation-3: -Motivated Entrepreneur New entrepreneurs are motivated by the desire for self-fulfillment. They come into being because of the possibility of making and marketing some new product for the use of consumers.
Detailed explanation-4: -2. Flexibility. Some entrepreneurs venture out on their own because they’re tired of the demands of traditional work. In a high-level position, the demands are exceptional–working long hours, catering to the whims of your bosses and clients, and being stuck in the same old rut of responsibilities.