ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A successful entrepreneur would focus on the future and be sensitive towards any changes.
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A successful entrepreneur would focus on the future and be sensitive towards any changes. Money is the symbol of a non-monetary reward to an entrepreneur. The attitudes that an entrepreneur should possess are law, managements, economics, values, business and culture. they try to overcome competitors using various ways.

Detailed explanation-2: -To mitigate the risk of financial loss or failure, it serves a business owner to have a certain set of skills. A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.

Detailed explanation-3: -Successful entrepreneurs always focus their energy on making the business work, and for eliminating the distractions or obstacles to their goals. Their overarching strategies help them to reach the goals they have while they outline the plan to achieve the final outcome.

Detailed explanation-4: -Don’t take ‘no’ for an answer. Learn from the best. Stay hungry and ambitious. Never stand still; evolve with the times. Nurture long-term business relationships. Inspire those around you. Trust your gut instinct, not just your spreadsheet!

Detailed explanation-5: -Humility and self-awareness. Customer orientated. Cost efficient. Highly adaptable and future orientated. Risk-taker and not afraid of failure.

There is 1 question to complete.