INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The risk taking range is between moderate to high
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The goal is to maximise self potential
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Rigid in adapting changes
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The time is unlimited
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Detailed explanation-1: -Variability-an entrepreneur is open to variations and changes (in products and services) to run a successful business. Control other factors is not a characteristic of an entrepreneur because there are factors that are beyond the control of an entrepreneur. Thus, the correct option is D.
Detailed explanation-2: -Flexibility Like an entrepreneur, you have to be able to adapt to change and solve problems as they arise. A good team player can shift their priorities to help out whenever the team needs assistance.
Detailed explanation-3: -Certain individual traits are attributed to entrepreneurial resilience: flexibility, motivation, perseverance, optimism, self-efficacy, and hope are all hallmarks of entrepreneurial resilience.
Detailed explanation-4: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.