ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurs develop a plan of action and must make decisions to help achieve that plan. Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision. Entrepreneurs believe in themselves.

Detailed explanation-2: -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-3: -Decisive And Action Oriented. The final trait that all successful entrepreneurs must possess is being decisive and action-oriented. They must think and make decisions quickly. They discipline themselves to take action and to carry out the decisions they have made.

Detailed explanation-4: -Successful entrepreneurs are action-oriented. This comes from a sense of urgency. They have a high need for achievement, which motivates them to turn their ideas into action.

Detailed explanation-5: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.