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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Demographic changes
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Product standards
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Entrepreneurial discovery
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Raw materials
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Detailed explanation-1: -An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Entrepreneurs commonly face many obstacles when building their companies.
Detailed explanation-2: -You’re a self-starter. Taking initiative is crucial in entrepreneurship. Passion is prevalent. You possess people skills. You’re not willing to take no for an answer. You’re a creative thinker. You are competitive by nature. You’re hardworking. 30-Nov-2015
Detailed explanation-3: -Successful Entrepreneurs are Resilient. Successful Entrepreneurs are Confident. Successful Entrepreneurs are Innovative.
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.