ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
He/she recognizes that he/she has to look at his her positive qualities in a realistic manner.
A
Opportunity Seeking
B
Self-confidence
C
Setting Clear and Realistic Goals
D
Taking Moderate Risk
Explanation: 

Detailed explanation-1: -Thomas Edison is a great example of an entrepreneur with unshakeable confidence. The inventor of the light bulb failed numerous times before being successful and is quoted to have said: “I have not failed.

Detailed explanation-2: -Instead of fearfully dismissing the idea and saying, “Oh we just can’t afford it”, a confident entrepreneur revisits their plan, explores different financial scenarios, and finds a way to make it work. They’re willing to experiment, make adjustments, and determine if it’s a viable purchase.

Detailed explanation-3: -Confidence is incredibly important for entrepreneurs to have. By having confidence, you will know that you are capable of achieving your goals, that failure doesn’t make you a failure and that others will want to buy what you are selling. Though confidence is necessary, it may not always be easy to achieve.

Detailed explanation-4: -The real differentiator between a successful entrepreneur and others is their ability to remain self-motivated throughout their time. As an entrepreneur, one must trust themselves to succeed and remain motivated, because ultimately they must not only motivate themselves but anyone else on their team.

There is 1 question to complete.