INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money
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An idea
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Determination
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All of the above
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Detailed explanation-1: -It all starts with an idea, one that you are connected with and passionate about. If you can turn that idea into something that solves real-world problems, you’re on your way to becoming a successful entrepreneur.
Detailed explanation-2: -The 5 Levels of the Entrepreneurial Ladder are 1) the Self Employed 2) The Manager 3) The Owner/Leader 4) The Investor 5) The Entrepreneur.
Detailed explanation-3: -Identify profitable startup ideas. Identify and focus on a growing category (or categories). Fill an underserved demand. Make something better (or cheaper) than what’s out there. Validate your startup idea with buyer persona research. Start with a minimum viable product (MVP). More items •13-Jan-2022
Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)