INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You need to clearly define your “work” time and your “home time”
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You need to work hard to build your business and make it successful.
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You should schedule lunches out of the house as a tax write-off.
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You shouldn’t wear your pajamas all day just because you can.
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Detailed explanation-1: -Why is it important for entrepreneurs with home-based businesses to remember? You need to work hard to build your business and make it successful. You need to clearly define your “work” time and your “home” time. You shouldn’t wear your pajamas all day just because you can.
Detailed explanation-2: -4. What is important for entrepreneurs with home-based businesses to remember? . You need to work hard to build your business and make it successful.
Detailed explanation-3: -Knowing and understanding customer needs is at the centre of every successful business, whether it sells directly to individuals or other businesses. Once you have this knowledge, you can use it to persuade potential and existing customers that buying from you is in their best interests.
Detailed explanation-4: -Successful entrepreneurs are driven, ambitious and willing to take risks others won’t. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.
Detailed explanation-5: -Communication. Every entrepreneur needs to be an effective communicator. Sales. The soft skill of sales goes hand-in-hand with the communication necessary to be successful. Focus. Ability to Learn. Business Strategy.