INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NO, they would need to be able to make fast decisions on the spot
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YES, all they need to be is creative because making decisions isn’t that important
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NO, if they are creative they could never be able to be an entrepreneur
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YES, an entrepreneur doesn’t need to make decisions but has to be creative
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Detailed explanation-1: -A thorough observation of the entrepreneurial process shows that creative thinking is the must have “skill” of an entrepreneur for the creation of new ideas. Creativity allows a person to devise interesting processes, which gives so many advantages to entrepreneurs.
Detailed explanation-2: -Entrepreneurial success is impossible without creativity: ‘zig when others zag’ and more tips. When it comes to building businesses, coming up with an idea is only half the battle. It is, however, a necessary key ingredient.
Detailed explanation-3: -While it is certainly possible to learn how to become an entrepreneur, the reality is that there is no one path or one teacher that will get you there. The lessons learned on your journey will vary from student to student given that none of us lived the same experiences and gained the same knowledge.
Detailed explanation-4: -Entrepreneurs are considered serial decision makers because they make lots of decisions every day and are generally wired to be risk takers and aren’t afraid of learning from their mistakes. Decision-making usually comes easier to entrepreneurs and high “D” personalities versus people who tend to be more risk averse.