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The entrepreneur is his own boss and must be motivated to set and pursue his goals. He or she is also responsible for
motivating others to work on the company's goals and reviewing how the company does it daily. Independence allows
an entrepreneur to work alone without reporting, but he is also responsible for ensuring that the customer is always in
focus. Providing high-quality products or services at the right price is one of the most important tasks for entrepreneurs.
Perseverance
Perseverance means not giving up and continuing even when difficult situations arise. There are many challenges
involved while running a business. A responsible entrepreneur overcomes these challenges, learns from them, and
moves on, no matter what. Entrepreneurs need to stay optimistic and motivated when things get tough. While working
hard, an entrepreneur also needs to think about improvement and growth. Perseverance doesn't mean doing the same
process over and over again. It means finding different and creative ways to overcome difficulties and always thinking
about achieving the goal no matter what happens along the way.
Open-mindedness
Open-mindedness means being open to trying new things and being open to take feedback from others. In the process
of starting and growing a business, an entrepreneur will try many different things. They will often need to consult others,
such as market experts and peers for information and ideas.
During this process, it is important to keep an open mind and to allow new thoughts and ideas come to you. This will
allow an entrepreneur to learn from failures and continue to improve the business.
Task #Problem Solving & Logical Reasoning
Study the following case study and answer the questions that follow:
Santosh makes handmade mojari slippers for men in Rajasthan. His whole family is involved in his business.
Santosh used to sell the mojaris in the local shops in Rajasthan. However, he was not able to sell many pairs.
He then tried to sell the mojaris by going door-to-door, but only a few people bought from him. He used to get
tired and spend more money travelling.
However, he remained optimistic and continued to go to more people to sell his product. He added new styles,
sequins, and embroidery to the slippers and began making them in different sizes. He even involved his local
friends who knew this skill in his business. Then one of his friends told him about becoming a seller on ‘Amazon’
through which he could sell his mojaris without travelling to big cities. He immediately registered his company
and started getting orders. Earlier, he could sell a maximum of 60 pairs of mojaris in a month, but now he sells
more than 500 pairs every month. He even has a few overseas customers!
1. Would you call Santosh an entrepreneur?
2. Which statements show values that helped Santosh become successful? Name these values.
3. Do you also possess these values?
80 Touchpad Artificial Intelligence (Ver. 3.0)-XI

