ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
(p. 19) The motivation for managing one’s own business is typically driven out of personal profit.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -When starting their own businesses, entrepreneurs are not motivated by what you may think. The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.

Detailed explanation-2: -Entrepreneurs are not driven by profits alone: mastery of the goods or services they produce is an important motive, and their performance is validated by comparison with other entrepreneurs’ products.

Detailed explanation-3: -Motivated Entrepreneurs They come into being because of the possibility of making and marketing some new product for the use of customers. If the product is developed to saleable stage, the entrepreneur is further motivated by reward in terms of profit.

Detailed explanation-4: -Self-motivation is one of the underlying forces that distinguish successful entrepreneurs from those who stagger from one neglected startup to another. Self-motivation despises the role of luck, dismisses the component of self-discipline and looks to the power of goals for ultimate achievement in life.

There is 1 question to complete.