Discuss the various competencies of entrepreneurship

Write short answers of the following.

Discuss the various competencies of entrepreneurship

ANSWER:
Following are the important competencies of an entrepreneur:

i. Opportunity -An entrepreneur is the one who identifies opportunities and works on them to convert them into realistic achievable goals.

ii. Initiative - An entrepreneur is an initiator. This means that he/she is the one who starts up an enterprise.

iii. Problem solver - An entrepreneur is a problem solver. He/she has the most efficient solution to any problem and does not allow the problem to come in the way of achieving goals.

iv. Persuasiveness - An entrepreneur, with his intelligence and logical reasoning, convinces his subordinates and superiors to believe in his ideas.

v. Knowledgeable - An entrepreneur is a knowledgeable person who works continuously to keep himself/herself updated with latest information and trends.

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