INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communication Skills
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Math Skills
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Human Relations Skills
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Problem Solving Skills
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Detailed explanation-1: -The ability to handle resources, assess investments, calculate ROI is a must for entrepreneurs. Apart from this, they must know how to use accounting and budgeting software to keep track of all the financial processes.
Detailed explanation-2: -While there is no magic formula for beings a successful entrepreneur, those who do succeed tend to have mastered the following set of skills: good and effective communication; being able to sell both themselves and their idea or product; strong focus; eagerness to learn and be flexible; and a solid business plan.
Detailed explanation-3: -Mathematics helps an entrepreneur to understand his or her strategies in marketing and how to improve better. Entrepreneurs with sound knowledge of mathematics often perform better than their counterparts who are not proficient in the subject.
Detailed explanation-4: -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-5: -Creative thinking. Creativity leads to invention, which leads to opportunity. Critical thinking. Effective communication. Financial knowledge. Smart business management. Valiant. Stress management. Time management. More items