INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Self-starter
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Fearful
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Risk taker
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Good communicator
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Detailed explanation-1: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur. Was this answer helpful?
Detailed explanation-2: -Fear of uncertainty They’re afraid of losing control if they can’t handle possible outcomes. Taking risk into the unknown is scary because you never know how things will turn out. While it may result in success, it might also fail. Entrepreneurship is a way of life for many people.
Detailed explanation-3: -Sign #5-Innovation Entrepreneurs who possess this trait are constantly looking for ways to improve and change the status quo. They are not afraid to think outside of the box and try new things, which can give them a competitive edge in the marketplace.
Detailed explanation-4: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.