INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Self-confidence
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Self-esteem
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Coping with Failure
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Tolerance for Uncertainty
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Detailed explanation-1: -Self-assurance-The entrepreneur is self-assured, confident in their abilities and knows how to look into the future and plan well. A self-assured person instills further confidence in themselves.
Detailed explanation-2: -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-3: -They aren’t afraid to invest hours, weeks, months or even years of hard work into their businesses, because they have faith that the outcome will be valuable. The key difference here with successful entrepreneurs is that they’re able to envision and embrace long-term payoffs.
Detailed explanation-4: -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.