Entrepreneurship Skills and Challenges

The video tutorial explains what it means to be an entrepreneur, emphasizing four key skills: attitude, creativity, relationships, and organization. A positive attitude helps overcome challenges, creativity is essential for innovation, relationships are crucial for business success, and organization is necessary for efficient operations. The video encourages aspiring entrepreneurs to seek help and provides resources for further learning.

What is the primary role of an entrepreneur?

• To work for a company

• To invest in stocks

• To start a new business

• To manage a team

Which of the following is NOT one of the key skills mentioned for entrepreneurs?

• Attitude

• Creativity

• Organization

• Technical skills

Why is having a positive attitude important for entrepreneurs?

• It reduces competition

• It attracts investors

• It helps in overcoming challenges

• It guarantees success

What does creativity in entrepreneurship primarily involve?

• Copying successful ideas

• Solving problems with imagination

• Following traditional methods

• Avoiding risks

How can entrepreneurs enhance their creativity?

• By avoiding new experiences

• By looking at things differently

• By sticking to one idea

• By ignoring feedback

Why are relationships crucial in business?

• They facilitate communication and networking

• They ensure product quality

• They guarantee profits

• They help in reducing costs

What is a key benefit of having good relationships in business?

• Easier persuasion and task completion

• Higher product prices

• Less need for marketing

• Guaranteed customer loyalty

What is essential for the day-to-day running of a business?

• High investment

• Large workforce

• Advanced technology

• Good organization skills

Which of the following is NOT a part of good organization in business?

• Setting up systems

• Ignoring tax regulations

• Managing money

• Raising finance

What should entrepreneurs do if they face challenges in organization?

• Ignore the challenges

• Seek help from friends and professionals

• Stop the business

• Reduce business operations