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Any new enterprise is risky since there is always the possibility of something going wrong. Also, assembling a suitable
team is a time-consuming task. A team of reckless and unsuitable employees can harm the company.
Self-Doubt
When something goes wrong in a business, it is easy to get discouraged. One begins to doubt oneself and may even
consider giving up. When we lack confidence in ourselves and our talent, we experience self-doubt. Working towards
one's goals is one of the finest strategies to deal with self-doubt. When we are feeling unmotivated, simply looking at
our goals and knowing that the actions we are performing today are contributing to our long-term targets might help
us feel better. Having relatives and friends who are aware of our aspirations and who encourage us when we doubt
ourselves is also beneficial.
Entrepreneurial Attitudes
Entrepreneurs think and act differently from wage workers. But how are they distinct? Let's read Rachna's story and try
to grasp it.
Rachna is a young woman with a four-year-old son. She attends her cousin’s wedding but throughout the wedding, her son
keeps troubling her. He runs around the pandal, doesn’t sit still and doesn’t let Rachna eat anything. Rachna realises that
the young boy is pretty bored. She attends two more family weddings and sees that other mothers of young children also
face the same problem. She realises a business opportunity in this situation.
Rachna starts her own kids entertainment company. She provides various swings and fun-filled activities in marriages and
parties to keep young kids occupied. She finds it difficult at first because she has no prior experience running a business or
working with a diverse set of people. But that doesn't stop her from working hard in the business.
What did Rachna do or think differently than others? Discuss it with your partner and record your findings in your
notebook. A manner of thinking or feeling about something is referred to as an attitude. It can be positive or negative.
Let us learn about entrepreneurs' positive mindsets/attitudes.
An entrepreneur's attitude is not the same as that of a salary earner. A wage earner must focus on his or her work and
not on the organisation. The entrepreneur, on the other hand, thinks and behaves in a different way. He/She considers
not only his/her own job, but also the work of the colleagues and the work required for the company's success. After
reading Rachna’s story, the attitudes of a successful entrepreneur are summarised as follows:
DECISIVENESS
Capability to make timely and beneficial judgments
PERSEVERANCE
Successful ORGANISATIONAL SKILLS ability to persist in
Entrepreneur The ability to make the best use of time, energy, and difficult situations
resources in order to obtain the intended results.
ENGAGING IN INITIATIVES INTERPERSONAL SKILLS
Capability to take the initiative and act in a situation ability to collaborate
before others. with others
Entrepreneurial Competencies
We will now learn about the qualities required for a person to develop an entrepreneurial mindset. Competence is
defined as the ability to perform something well. The following figure depicts the attitudes and skills required to be a
successful entrepreneur:
Entrepreneurial Skills-IV 89

