Question

1. “All entrepreneurs are business persons, but all business persons are not

entrepreneurs.” — Explain the statement while bringing out the traits of

successful entrepreneurs.​

Answer 1

Answer:

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Explanation:

. “All entrepreneurs are business persons, but all business persons are not

entrepreneurs.” — Explain the statement while bringing out the traits of

successful entrepr. “All entrepreneurs are business persons, but all business persons are not

entrepreneurs.” — Explain the statement while bringing out the traits of

successful entrepreneurs.eneurs.

Answer 2

The statement is true with respect to the personality.

• The personality of an entrepreneur sets them apart from a businessman. The traits of successful entrepreneurs are -

1. A businessman runs or starts a company with same old business concept, while an entrepreneur has a innovative plan for initiating a new business and making a difference in the world.
2. A businessman decides whether to do business that is in high demand or that will provide the most benefit, while an entrepreneur is highly creative and imaginative, and deals with the unpredictability of business.
3. A businessman's risk is low because the idea has been tried and tested by other firms, while an entrepreneur's company is based on a new concept, so they are big risk takers.