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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How things are being done
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What was done in the past
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What needs to be done
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When changes were last made
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Detailed explanation-1: -Focus on profitable customers. Ultimately, your company will become profitable based on how many repeat customers you have.
Detailed explanation-2: -Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions. They take these ideas and turn them into business ventures.
Detailed explanation-3: -2019). The literature highlights several key psychological barriers to entrepreneurship development, including fear of failure, lack of self-confidence, risk aversion, lack of motivation, lack of information, social and cultural factors, and poor psychological well-being.
Detailed explanation-4: -Ask family and friends. Consider problems in your everyday life-then solve them! Build on your hobbies. Consider if there are tasks you could make easier. Build on existing products or services.