Question:
............. makes entrepreneurship successful.
............. makes entrepreneurship successful.
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Tip: Successful entrepreneurs are often decisive, innovative, and willing to take calculated risks.
Updated On: Jul 2, 2025
- Decisiveness
- Financial constraints
- Basic Ethics
- Non-availability of skilled labour
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The Correct Option is A
Solution and Explanation
Entrepreneurship requires many traits for success, but one of the most critical is decisiveness.
Being decisive means an entrepreneur can make timely and firm decisions, which helps in taking advantage of opportunities and solving problems quickly.
Without decisiveness, important actions get delayed, and competitors may gain an edge.
Financial constraints and lack of skilled labour are challenges, not success factors.
Basic ethics are necessary for fair practices but alone do not guarantee success if the entrepreneur cannot make strong decisions.
Thus, decisiveness is an essential factor that drives an entrepreneur’s success.
Being decisive means an entrepreneur can make timely and firm decisions, which helps in taking advantage of opportunities and solving problems quickly.
Without decisiveness, important actions get delayed, and competitors may gain an edge.
Financial constraints and lack of skilled labour are challenges, not success factors.
Basic ethics are necessary for fair practices but alone do not guarantee success if the entrepreneur cannot make strong decisions.
Thus, decisiveness is an essential factor that drives an entrepreneur’s success.
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