Page 89 - IT 402 v2.0 class 10
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hey are courageous and are always ready to take risks.
hey are creative and innovative.
hey are problem solvers.
hey have good communication skills.
hey stay updated about the current scenario of the market.
. rite the functions of an entrepreneur.
ns. ntrepreneurs perform various functions in a society. hey are as follows:
Research: n entrepreneur does a lot of exploration before starting a business.
Plan: n entrepreneur identifies needs and accordingly makes plans of execution.
Execution: fter research the entrepreneur implements ideas and develops products or services.
Public Relations: business re uires social acceptance by the public at large. ood is important in order
to gain and maintain a good hold on the market.
Marketing: romotion and advertisement are important to make the people aware of the existence of the
products or services.
Launch: he entrepreneur has to take initiatives to introduce their product in the market.
5. rite short notes on:
i. Myths about entrepreneurship
ii. ntrepreneurship as career option
ns. i. here are many myths about entrepreneurship. Some of them are as follows:
Born Entrepreneurs: Many people assume that they are born entrepreneurs but it is not true. It may be in
the genes but it takes self-awareness and hard work to develop the skills.
Huge Money: It is not necessary for an individual to invest a lot of capital to get a business up and
running.
Instant Profit: It is not necessary that companies immediately make profits. It can take some time and there
may be many ups and downs.
Only Young: It is not necessary that one should be young to be a successful entrepreneur. It has been found
that older adults are more involved in entrepreneurship.
ii. ntrepreneurship is a field which is full of uncertainties so it is very challenging to take it up as a career.
ntrepreneurs are open minded innovative business people who are self-motivated. n entrepreneur can
be an artist an educator a businessman a service sector worker or an inventor. ntrepreneurial careers
can be found in ust about every field. New business venture creation can mean launching a company
buying a business taking a franchise starting a new venture in a family business or commercialising a
technology.
. hy is entrepreneurship considered as a good option for earning a livelihood in the present times
ns. In the present times we have an educated youth but ob opportunities are limited. ence entrepreneurship can
be right career choice.
. iscuss the two initiatives taken by the government to encourage the creation and growth of new ventures.
ns. i. Ministry of Skill evelopment and ntrepreneurship were set up by the overnment of India in .
ii. ducational institutes are providing courses on entrepreneurship.
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