Question

List and explain 3 characteristics of an entrepreneurship?

subject. small business management

Answer 1

3 characteristics of entrepreneurship are as follows.

1. Self motivation

If anyone wants to succeed no other person needed to push you , only your efforts are required.

Person needed to dedicated towards his plan and keep moving forward even if immediately paybacks are receiving.

2. Take risk

Higher the risk higher the profits.

Risk is required in every business. Playing at safe almost never leads to successfull business owner ka.

Undertaking calculated risks thar are more likely to pay off is an important part of being entrepreneur

3. Flexible

To a certain extent one needs to be flexible.

Business environment is dynamic that is ever-changing, not everything can go as planned.

We all know planning not always guarantee success.

Willing to change if needed must be there to survive nin the industry.

Good entrepreneur must find unique and effective solutions nto the issues.

Pls pls like if logic explained.