Question

What are the characteristics of Entrepreneurship?

Hint:

Tip: A successful entrepreneur is innovative, takes calculated risks, has good leadership qualities,
makes quick decisions, stays determined, and motivates others to achieve business goals.

Answer 1

Entrepreneurship involves starting and managing a business by taking risks and exploring new opportunities.
Key characteristics of entrepreneurship include:
1. Innovation: Entrepreneurs bring new ideas, products, or methods into the market.
2. Risk-taking: They take calculated risks to achieve business goals despite uncertainty.
3. Leadership: An entrepreneur leads a team, motivates employees, and directs activities effectively.
4. Vision: Successful entrepreneurs have a clear vision and set goals to achieve long-term success.
5. Decision Making: They make quick and firm decisions to handle challenges and grab opportunities.
6. Determination: Entrepreneurs are determined and persistent even during tough times.
These qualities help entrepreneurs build businesses that contribute to economic growth and job creation.