what do you understand by enterpreneurship?? what are its characteristics? explain the process of enterpreneurship??
Answers
Answer:
Explanation:
What do you understand by enterpreneurship?
Solution :
* Entrepreneurship refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world. Simply put, entrepreneurship is the willingness to start a new business.
* Entrepreneurship development is the means of enhancing the knowledge and skill of entrepreneurs through several classroom coaching and programs, and training. This entrepreneur development process helps new firms or ventures get better in achieving their goals, improve business and the nation's economy.
What are its characteristics? Explain the process of Entrepreneurship.
Solution :
Characteristics of Entrepreneurship:
∆ Ability to take a risk- Starting any new venture involves a considerable amount of failure risk.
∆ Visionary and Leadership quality- To be successful, the entrepreneur should have a clear vision of his new venture.
∆ 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. Their vision acts like a compass that points them in the direction of opportunities that perhaps no one else has found.
MAIN IDEA :
Characteristics of an Entrepreneur :
¶ They're passionate.
¶ Successful entrepreneurs have a passion for what they do.
¶ They're business savvy. As an entrepreneur, you will need to do everything in your business, at least at the beginning.
¶ They're confident.
¶ They're planners.
¶ They're always on.
¶ They're money managers.
¶ They never give up.
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