INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is probably the LEAST important factor in becoming an entrepreneur?
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having special skills and abilities
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having a real desire to be your own boss
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living in a major U.S. city
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developing a good initial business plan
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Explanation:
Detailed explanation-1: -Five factors will be key to entrepreneurial success: creativity, tolerance for risk, responsiveness to opportunities, leadership and the ability to take advantage of the rights afforded to you.
Detailed explanation-2: -Entrepreneurship is influenced by four distinct factors: economic development, culture, technological development and education.
Detailed explanation-3: -Sacrifice – Are you willing to sacrifice short term to benefit in the long term? Experience – Do you have some business or related experience? Leadership – Do you like being the leader? Organization – Are you organized? Optimism – Are you optimistic?
There is 1 question to complete.