Question

2. State the main characteristics of an entrepreneur.
3. State the functions of an entrepreneur.
4. What are the myths about entrepreneurship?​

Answer 1

Answer:

2) 5 characteristics of an entrepreneur

Motivation. Entrepreneurs are by nature motivated. ...

Vision. The best entrepreneurs have a vision as to what they want to achieve, how they can accomplish their objectives, and whom they need on their side to reach their goals. ...

Passion. Passion is another characteristic of entrepreneurs. ...

Confidence. ...

Decision Making.

3) Decision Making: The primary task of an entrepreneur is to decide the policy of production. An entrepreneur is to determine what to produce, how much to produce, how to produce, where to produce, how to sell and' so forth.

4) Myth #1: Entrepreneurs don't have a personal life.

Myth #2: Entrepreneurs take lots of risks.

Myth #3: Entrepreneurs are only motivated by money.

Myth #4: Entrepreneurs raise money from venture capitalists.

Explanation:

Answer 2

Answer:

The characteristics of an entrepreneur:

1. Adaptability

2. Persistence

3. Work ethic

The functions of entrepreneur:

1. Decision making- for eg. what to produce,how much to produce etc.

Myths regarding entrepreneurship:

1. Entrepreneurs don't have a personal life.

2. They take a lot of risks.

3. They are motivated only by money

4. They raise money from venture capitalists.

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