ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Entrepreneurs should be able to make fast sound decisions as it relates to their business-(products, services, operations, expenses, advertising, etc.) Being able to do this allows them to stay ahead of their competitors. Which characteristic of an entrepreneurship is need for this?
A
Tech Savy
B
Creative
C
Perseverance
D
Act Quickly
Explanation: 

Detailed explanation-1: -Understand your company’s business – make sure you have all of the critical information that impacts the business. Results oriented – think about the possible outcomes of your decision and understand how they impact both short and long-term company goals.

Detailed explanation-2: -The decision-making process is an essential component of the entrepreneurial journey. Without the right mindset, you might fail to make a crucial decision that can make or break your business. As an entrepreneur, you must make different decisions on an everyday basis. You must choose directions and solve problems.

Detailed explanation-3: -Sound judgment and decision-making can be defined as one’s ability to objectively assess situations or circumstances using all the relevant information and apply past experience in order to come to a conclusion or make a decision.

Detailed explanation-4: -Consider your state of mind. Carefully evaluate the situation and data. Review your desired outcomes. Identify your blind spots. Include others in the decision-making process. Just make a decision. More items •06-Jul-2022

There is 1 question to complete.