ENTREPRENEURSHIP

Detailed explanation-1: -Mission-Driven – an entrepreneur’s actions and decisions are guided by a set of beliefs about how he/she wants the business to succeed. Stakeholders – all people or companies associated with an enterprise.

Detailed explanation-2: -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-3: -Focus on profitable customers. Ultimately, your company will become profitable based on how many repeat customers you have.

Detailed explanation-4: -Passion, resourcefulness, willingness to improvise and listen to others and strong determination to succeed is what makes an entrepreneur successful. And this is what you have to keep in mind as well if you want to be a successful entrepreneur yourself.

Detailed explanation-5: -An elevator speech is a clear, brief message or “commercial” about you. It communicates who you are, what you’re looking for and how you can benefit a company or organization. It’s typically about 30 seconds, the time it takes people to ride from the top to the bottom of a building in an elevator.