ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Personal characteristics of successful entrepreneurs include
A
Persistence
B
Greed
C
Recklessness
D
Pessimism
Explanation: 

Detailed explanation-1: -Entrepreneurial persistence is demonstrated by an entrepreneur’s continued positive maintenance of entrepreneurial motivation and constantly-renewed active engagement in a new business venture despite counter forces or enticing alternatives.

Detailed explanation-2: -As an entrepreneur you need to be persistent because it can be difficult to keep things going when you are not seeing instant success. Persistence is also crucial because you are bound to make mistakes. When you give up too early, you cannot learn from your mistakes.

Detailed explanation-3: -Self-assurance-The entrepreneur is self-assured, confident in their abilities and knows how to look into the future and plan well. A self-assured person instills further confidence in themselves. Devotion-The entrepreneur is devoted to their goals, working long and hard, day and night to achieve them.

Detailed explanation-4: -Discipline. The number one quality of an entrepreneur is self-discipline. Curiosity. The best entrepreneurs always want to learn more. Creativity. Willingness to try things. Honesty. Always have a plan. Understanding the value of self-care. Taking risks. More items

Detailed explanation-5: -Humility and self-awareness. Customer orientated. Cost efficient. Highly adaptable and future orientated. Risk-taker and not afraid of failure.

There is 1 question to complete.