Question

Which of the following are the two mandatory feature of entrepreneurship?


(a) Innovation & risk taking
(b) Innovation & development

(c) Innovation & employment (d) Innovation & knowledge​

Answer 1

Explanation:

a) innovation & risk taking

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Answer 2

Answer:

The Answer is Option  A

Explanation:

Ability to take a risk- Starting any new venture involves a considerable amount of failure risk. Therefore, an entrepreneur needs to be courageous and able to evaluate and take risks, which is an essential part of being an entrepreneur.

What Are 5 Skills Every Entrepreneur Should Have?

An entrepreneur is someone who starts or runs their own business. The entrepreneur can profit greatly from having an equity stake in the firm if things go well, but they also take on a great deal of risk—far more than a regular employee of the business. Financial risk, career risk, emotional risk, and overall business risk are all examples of entrepreneurial risk.

What Are the Most Important Characteristics of a Successful Entrepreneur?

While there is no magic formula for becoming a successful entrepreneur, those who do tend to have mastered the following set of skills: good and effective communication; the ability to sell both themselves and their idea or product; strong focus; an eagerness to learn and be flexible; and a solid business plan.

What Personal Qualities Make a Good Entrepreneur?

Personal qualities (or so-called "soft skills"), in addition to skill development, are extremely important. Being likeable and friendly is advantageous—no one wants to collaborate with someone who is difficult to work with. It also helps to be creative, versatile, and resilient in the face of great challenges.

• Entrepreneurship can be quite rewarding, but also comes with several unique risks.
• To mitigate the risk of financial loss or failure, it serves a business owner to have a certain set of skills.
• A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize.
• An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.
• Growing a business requires a sound strategy based on inherent business sense and skills.

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