ENT202

Entrepreneurship begins with identifying opportunities and having a clear vision for a product, service, or business idea.

• Networking and Relationship Building

• Adaptability and Flexibility

• Vision and Opportunity

Product or service description is not important in business planning.

• TRUE

• FALSE

Entrepreneurs are willing to take calculated risks and embrace failure as a learning opportunity

• Resource Management

• Risk-taking

• Innovation and Creativity

Entrepreneurs often bring new ideas, products, or processes to the market, leveraging innovation and creativity to differentiate themselves.

• Resilience

• Networking and Relationship Building

• Innovation and Creativity

Entrepreneurs need to effectively manage their resources, including finances, time, and human capital, to maximize their chances of success.

• . Resource Management

• . Adaptability and Flexibility

• Vision and Opportunity

Building a strong network of contacts, partners, and mentors is crucial for entrepreneurs to gain support, access resources, and create opportunities.

• Innovation and Creativity

• Networking and Relationship Building

• Persistence and Determination

Entrepreneurs have the freedom to make their own decisions and be their own boss, allowing them to shape their business according to their vision.

• Initiative and Innovation

• Passion and Persistence

• Independence

• Continuous Learning

Entrepreneurship involves taking calculated risks, such as investing time, money.

• Risk-taking

• Leadership and Team Building

• • Initiative and Innovation

• Independence

Entrepreneurs must be flexible to adapt to changing market conditions, consumer demands, and technological advancements.

• Continuous Learning

• Leadership and Team Building

• Initiative and Innovation

• Flexibility and Adaptability

Entrepreneurs are lifelong learners, constantly seeking knowledge and skills to stay ahead of the competition and adapt to evolving business landscapes.

• Passion and Persistence

• Flexibility and Adaptability

• Continuous Learning

• Networking and Relationship