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•   Willingness to take risks:  here is an element of risk in any business. It means that it is not required for every firm
                to make a profit.  his discourages people from taking risks and starting their o n businesses. An entrepreneur, on
                the other hand, al ays offers to take risks in order to manage a successful firm.
            •   Ability to learn from mistakes: An entrepreneur is bound to make mistakes.  o ever, if an error is made, it must be
                avoided because it might result in significant costs. As a result, the individual must be able to learn from e perience.
            •   Motivation:  otivation is essential for success in all aspects of life.  hen you're inspired to do anything, you  on't
                stop until you finish it.  or e ample, you may become so engrossed in reading a tale or maga ine that you do not
                sleep until you finish it.  otivation generates this level of interest in one's task. It is a necessary characteristic for
                being a successful entrepreneur.
            •     Sel  con dence:  o be successful in life, one must have faith in oneself.  omeone  ho lacks confidence may not be
                able to achieve much in life or motivate others to  ork.  ourage, passion, and capacity to lead are all manifestations
                of self assurance.
            •      ard  ork: In life, there is no replacement for hard  ork.  very day, one or more problems may develop  hile
                running a business. An entrepreneur must be  atchful in order to recognise and fi  difficulties as soon as possible.
                 his necessitates a lot of effort on the side of the entrepreneur. In some cases, the entrepreneur may have to  ork
                through the night.  hus, for an entrepreneur, hard  ork is the key to success.
            •     Ability to make decisions:  hile running a business, an entrepreneur must make a variety of decisions. As a result,
                the individual must be capable of making appropriate and timely decisions.  hings move at a breakneck pace in the
                modern  orld. If an entrepreneur lacks the ability to make appropriate and timely  udgments, he or she may miss
                out on an opportunity and incur damages.

                                                                                                Experiential Learning

                        Video Session

                   can the    code or visit the follo ing link to  atch the video   hat is an  ntrepreneur
                  https      .youtube.com  atch v prDs  y  ag
                  After  atching the video, ans er the follo ing question
                   rite any t o qualities of an entrepreneur.










                   Types of Entrepreneurs

             here are various types of entrepreneurs.  et us learn about some of them in detail.

            Entr epr eneur s W  ho Pr ovide S er vices
             hese entrepreneurs either develop a ne  market for their services or offer a service in an already e isting market.  hey
            identify an idea and turn it into a service that is either unique or not available in the market. It is fundamentally a service,
            regardless of the kind or scale of operation.

            Entr epr eneur s in B usiness
             hese are entrepreneurs  ho engage in commercial and trading activities but are not involved in production. A business
            entrepreneur recognises a product's market potential.  rom that point for ard, it is the responsibility of the company
            and  trading  entrepreneur  to  stimulate  demand  for  the  goods.   he  product  may  e ist  in  a  foreign  market,  but  the
            individual can increase demand for it in the local market.


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