INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Opportunity Seeking
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Self-confidence
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Setting Clear and Realistic Goals
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Taking Moderate Risk
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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.