Q.1 What are the different qualities of successful entrepreneurs?
They have lots of different qualities to become a successful entrepreneur.
- Passionate -: They are passionate because They know what they should do.
- Persistence -: They carry a “never give up” attitude for always. They have always ready Plan B when plan A has been failed, unfortunately.
- Risk-taking -: They are big risk-takers. They take big risks in our businesses and ventures.
- Creative and Open-minded -: They have lots of creativity and they are open-minded also.
- Honest & Trustworthy -: They show their honesty and trust in their business’s advice.
Q.2 What are the prevalent myths about entrepreneurship?
There are various prevalent myths about entrepreneurship. Some of them are as follows -:
- Entrepreneurial Mind is a Born Talent/Asset -:
- If you have a Good Idea, you can be an Entrepreneur -:
- Entrepreneurship is all about Unlimited Freedom -:
- Entrepreneurship is one person show – you call the shots -:
- Entrepreneurship means quick wealth – It is an easy way to get rich -:
Q.3 What is the role played by an entrepreneur in his/her venture?
The Role played by an entrepreneur in his/her ventures is classified into multiple headings or points that are defined below.
- Innovator or Creator -:
- Team Building -:
- Cashflow Management -:
- Time Management -:
- Delegation of task and authority -:
Q.4 What is the importance of entrepreneurs?
There are following importance of entrepreneurs to grow our business or to grow the whole country.
- Contributor to wealth Generation
- Rise/Development of New Industries/Ventures
- Contributor in the Regional development
- Contribution in overall standard of Living
- Contribution towards minimizing Socioeconomic problems
