Page 88 - Web Applications (803) Class 12
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Excellence as a Standard
An entrepreneur consistently sets high standards and seeks to achieve excellence by working hard and being innovative.
Uniqueness
One of the most significant characteristics of an entrepreneur is the ability to be unique in everything he or she does
and how it is done.
Concentrate on Long-term Goals
Long-term goals are those that are out of reach in terms of time. An entrepreneur is more concerned with what will be
accomplished in the distant future than what will be accomplished in the near future. The individual will plan and work
carefully to achieve long-term objectives.
Need to Exert Influence
The entrepreneur feels that ideas can be revolutionary and expects them to have a significant impact on the world. Most
entrepreneurs' ideas have had an impact on the globe, and others have radically changed the face of the planet.
A wage employee is someone who works for a person or organisation and is compensated for their efforts. An
entrepreneur is a self-employed individual who wants to improve his or her business by taking risks and experimenting
with new ideas.
Entrepreneurship is the act of starting and running a business, as well as taking risks in order to profit. Consider the
following story:
Pooja belonged to a poor family and was born deaf. She started working in the neighbourhood restaurant as
a daily wage worker when she was 11 years old to supplement the family income. She was assigned work in
the kitchen. During her free time in the restaurant, her co-worker used to let her borrow her mobile so that
Pooja could learn sign language by watching videos on the internet. By the time, Pooja was 20 years old, she
was an excellent cook and could communicate easily using sign language. Now, Pooja started her own tiffin
service. She would provide home cooked meals to offices nearby. Soon her small business started doing well.
Here are some details you learn from Pooja’s story:
a. She was a wage employee when she worked in her neighbourhood restaurant because she was working for someone.
b. She started her own food business. She became an entrepreneur as she risked testing new ideas.
Experiential Learning
Video Session
Scan the QR code or visit the following link to watch the video: Top 5 Women Entrepreneurs
in India | Women Entrepreneurs Success Stories
https://www.youtube.com/watch?v=4KOwYB_3qAE
Identifying Possibilities and Taking Risks
Finding the correct business opportunity for a new entrepreneur is a vital question. Should the new venture concentrate
on developing a new product or service? Should the venture choose an established product or service from one market
and sell it in another, where it may be unavailable?
The following are some methods for prospective entrepreneurs to identify new business opportunities and assess their
potentials and hazards.
86 Touchpad Web Applications-XII

