Page 93 - IT 402 v2.0 class 10
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.   iven any two  ualities of a successful entrepreneur.

              ns.  Hard work:  ithout working hard  no entrepreneur can be successful. On an average  successful entrepreneurs
                 are found to be working anywhere between    to    hours per week  which is much higher than    hours per
                 week.  ntrepreneurs use a lot of trial and error and keep putting in work till they succeed.

                 Optimism:  ositivity and belief in what they do is what takes entrepreneurs far in their  ourney.  ntrepreneurs
                 should get think negatively or be afraid of adverse situations. For an entrepreneur  part of being optimistic is
                 about learning from mistakes and failures and finding alternative ways to do things.

                 .   ive any two promotional functions of an entrepreneur.
              ns.  Idea Discovery:  he first step towards entrepreneurship is discovery of a business idea.  n entrepreneur comes
                 up with a business idea and thinks about ways to implement it. It is about seeking opportunities for a specific
                 type of business and finding ways to commerciali e on it.  sually  entrepreneurs work around the process of idea
                 discovery by exploiting natural resources  finding a market need or calculating the profit potential.

                 Detailed  Investigation:   hile  coming  up  with  ideas  can  seem  like  an  easy  process   the  challenge  is  to
                 understand if the idea has the potential to turn into a viable business venture. For this  an entrepreneur
                 conducts research  investigates and evaluates an idea considering various factors and estimates the total demand
                 for a new product or service.
                5.  Name the person who combines factors in a creative manner to generate value for customers and create wealth.
              ns.   ntrepreneur
                 .  Name the skill that help anyone to lead  guide and supervise people who work for the business.

              ns.   eadership
                 .   ntrepreneurs are not  ob seekers but they create opportunities of employment for people.   rue False
              ns.   rue
                 .   ist any four characteristics of entrepreneurship.
              ns.  Four characteristics of entrepreneurship are:

                    hey are very clear with their targets.
                   hey are courageous and are always ready to take risks.
                    hey are creative and innovative.
                   hey have good communication skills.
































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