Question

Write four characteristics of entrepreneurship.

Hint:

Entrepreneurs must balance risk with innovation to succeed in their ventures.

Answer 1

1. Innovation: Entrepreneurs are often at the forefront of innovation, creating new products, services, or solutions.
2. Risk-taking: Entrepreneurs are willing to take calculated risks in the pursuit of their business goals.
3. Vision: Successful entrepreneurs have a clear vision for their business and work strategically to achieve it.
4. Leadership: Entrepreneurs need strong leadership skills to inspire and manage teams, guiding their business towards success.