ENTREPRENEURSHIP

Detailed explanation-1: -There are no specific educational requirements to become an entrepreneur. Some of the most important skills and traits that are helpful for entrepreneurs include critical thinking, creativity, risk-taking, problem-solving, networking, leadership, and communication skills.

Detailed explanation-2: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur.

Detailed explanation-3: -Some entrepreneurs didn’t have the proper educational background and yet they’ve become successful in their chosen field. The fact is, there are many successful entrepreneurs without the proper business education.

Detailed explanation-4: -Education acts as a tool to motivate everyone positively towards entrepreneurial career. It is also necessary to know the methods of identifying business opportunities, utilizing available resources, and making appropriate decisions. So the linkage between education and entrepreneurship is very wide and important.

Detailed explanation-5: -So, the definition of entrepreneurship involves three key concepts: seeing opportunities, seizing opportunities, and creating value. In that sense, it can entail innovation. However, it takes entrepreneurial skills to combine these 3 aspects.