INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Thinking like an entrepreneur can make you a better student and employee, no matter what your job is.
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Knowing about entrepreneurship means you’ll never have to work for a boss.
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Entrepreneurs do not have to worry about getting good grades in school because they start their own business.
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None of the above
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Detailed explanation-1: -While being an entrepreneur can be the right career choice for many, some may not feel that starting a business is for them. What is the best reason to study entrepreneurship? Thinking like an entrepreneur can make you a better student and employee, no matter what your job is.
Detailed explanation-2: -Entrepreneurship gives you the ability to balance your time. If you have family or other life circumstances come up, you can decide to forgo any work for that day. You don’t have that kind of flexibility at a job. Your work should fit into your life, not the other way around.
Detailed explanation-3: -Choice of Entrepreneurship as a Career Willingness to initiate, experiment and innovate regularly are the main requirements of self employment. In order to meet the ever changing demands and situation on a regular basis, it is very important to be decisive and innovative all the time.
Detailed explanation-4: -Entrepreneurship creates an opportunity to make a definite contribution to society by lifting people in and around the venture. A continuous zeal to innovate helps in touching the heads and hearts of people at large.
Detailed explanation-5: -They are likely to grow their business faster, employ more people, and introduce innovation that could help fill important gaps in the market, while boosting productivity in the economy. The only problem is that opportunity entrepreneurs form a very small proportion of those starting up businesses in any economy.