ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ENTREPRENEURS MUST HAVE A BASIC UNDERSTANDING OF HOW THE ECONOMY WORKS AND OF THE FUNDAMENTAL CONCEPTS OF FINANCE, MARKETING, AND MANAGEMENT.
A
COMMUNICATIONS SKILLS
B
HUMAN RELATIONS SKILLS
C
TECHNICAL SKILLS
D
BASIC BUSINESS SKILLS
Explanation: 

Detailed explanation-1: -Have Interest and Vision. Before you set out to start a business, you need to have an interest in what you will be doing and have a clear idea of where your path is going to take you. When you venture out to start a company, your overall performance will pay off far more than your effort and hard work.

Detailed explanation-2: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

Detailed explanation-3: -It is important for entrepreneurs to test the waters before launching a new venture. This means that one must commit oneself to the ideal of entrepreneurship and try out new business models, and new forms and paradigms of transacting business.

Detailed explanation-4: -Finance Skills. Budgeting and knowing how to keep track of finances is essential for entrepreneurs. Communication skills. Being a strong communicator is very important for entrepreneurs. Leadership Skills. Time Management. Sales. 30-Aug-2022

There is 1 question to complete.