ENTREPRENEURSHIP

Detailed explanation-1: -An entrepreneur puts himself in a position where he is responsible for the failure or success of his business. This means working diligently and being consistent about it. Successful entrepreneurs always stick to the plan and fight the temptation to do what is unimportant.

Detailed explanation-2: -Committed: Good entrepreneurs assume full responsibility over their business. They give full commitment and solid dedication to make the business successful. Ability to accept change: Nothing is permanent but change. Change occurs frequently.

Detailed explanation-3: -Entrepreneur responsibilities include: Setting the direction and establishing the desired image for the business. Seeking new directions and ways to improve and grow the company. Overseeing financial records and taking action, such as securing a new line of credit to handle unforeseen events.

Detailed explanation-4: -A good entrepreneur accepts full responsibility of everything in his/her business. Solid dedication is needed to make the business successful. Strong belief in self and on abilities. Entrepreneurs have confidence in one’s ability and own judgment.

Detailed explanation-5: -Initiating and leading business activities. Allocating employees’ duties. Forecasting business changes. Creating jobs. Identifying business opportunities. Creating and sharing wealth. Improving the standard of living. Taking up and reducing business risk. More items •20-Feb-2023