INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
True
|
|
False
|
|
Either A or B
|
|
None of the above
|
Detailed explanation-1: -Successful entrepreneurs need math skills so they can create budgets. The primary motivation for becoming an entrepreneur is to make money. In the United States, fewer than half of the entrepreneurs have some college education . A personal characteristic needed to be a successful entrepreneur is inflexibility.
Detailed explanation-2: -analyzing business performance An entrepreneur with average mathematical skills can manage his entrepreneurial work efficiently. The key to success in math is focus. Business math is basically high school math. It is mostly arithmetic, algebra, and some statistics.
Detailed explanation-3: -An entrepreneur must know basic arithmetic operations such as addition, subtraction, division, and multiplication. Such operations help you perform accurate calculations with your customers, vendors, and investors. Knowledge of basic arithmetic also makes you confident of the financial decisions you make.
Detailed explanation-4: -Learning how to budget, choosing sensible investments, and borrowing responsibly are three of the most valuable money management skills any entrepreneur can have.
Detailed explanation-5: -Communication. Every entrepreneur needs to be an effective communicator. Sales. The soft skill of sales goes hand-in-hand with the communication necessary to be successful. Focus. Ability to Learn. Business Strategy.