Question

Nascent entrepreneur is a person:

• A. Who makes a company
• B. Who is in the process of starting a new business
• C. Who is the first in his family to starts an industry with innovative idea and skill
• D. Who is first in his family to complete a course in entrepreneurship development

Answer 1

The Correct Option is B

A nascent entrepreneur is defined as a person who is in the early stages of starting a new business. This stage involves laying the foundational groundwork necessary for launching a business, which includes activities such as developing a business plan, acquiring resources, securing financing, and establishing a business structure. The correct answer among the provided options is "Who is in the process of starting a new business".

• Option 1: "Who makes a company" - This option refers to someone who has already established or formed a company, which extends beyond the initial process of starting a business, thus not fitting the description of a nascent entrepreneur.
• Option 2: "Who is in the process of starting a new business" - This correctly describes a nascent entrepreneur, as it emphasizes the ongoing efforts to initiate a business venture, capturing the essence of entrepreneurship in its early phase.
• Option 3: "Who is the first in his family to start an industry with innovative idea and skill" - While innovative ideas and skills are integral to entrepreneurship, the emphasis here is on being the first in a family to do so, which does not necessarily align with the concept of a nascent entrepreneur.
• Option 4: "Who is first in his family to complete a course in entrepreneurship development" - Completing a course is educational in nature and does not directly relate to the process of starting a new business, thus does not match the description of a nascent entrepreneur.

Thus, the term 'nascent entrepreneur' aptly describes someone actively engaged in creating and starting a new business endeavor, capturing the dynamic and foundational phase of entrepreneurship.