ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The personal attribute which is what gets entrepreneurs started and keeps them there
A
Leadership
B
Flexibility
C
Passion
D
Dedication
Explanation: 

Detailed explanation-1: -Leadership is the ability to create rules and to set goals. It is the capacity to follow through to see that rules are followed and goals are accomplished. Passion is what gets entrepreneurs started and keeps them there. It gives entrepreneurs the ability to convince others to believe in their vision.

Detailed explanation-2: -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-3: -Passion Drives Entrepreneurs On Entrepreneurs can be passionate about many things. They may be passionate about the products they create or the services they provide. They might be passionate about the problems they feel their businesses solve or about the desire to improve the lives of their customers.

Detailed explanation-4: -Passion is the fuel that entrepreneurs need to keep going. Research shows that passion is a key predictor of entrepreneurs’ creativity, persistence, and venture performance. In other words, the more passionate the entrepreneur, the more likely they are to succeed.

Detailed explanation-5: -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.

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