ENTREPRENEURSHIP

Detailed explanation-1: -The best entrepreneurs use formal problem-solving model to make decisions. Quantifying a problem helps a business owner determine how much it is worth to them to solve it. The problem-solving process is not complete until the action is evaluated. Entrepreneurs should not be afraid of making mistakes.

Detailed explanation-2: -Step 4: Implement To implement is the step in which the solution to the problem is tested and evaluated. The entrepreneur walks through the planned implementation with the client and tests each part of the solution, if a service, or thoroughly tests a developed good.

Detailed explanation-3: -The most successful entrepreneurs don’t accept defeat; they keep moving and changing. Part of being a great problem solver is knowing how to evaluate each situation and look at outcomes on a holistic level, analyzing how your solutions will affect you or your business in the long term.