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Qualities Every Entrepreneur Must Have

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Questions and Answers

What is one of the key attributes an entrepreneur must possess according to the text?

Technical expertise

Physical strength

Sociability

Self-confidence (correct)

Why is being future-oriented important for an entrepreneur?

To earn quick profits

To avoid competition

To secure a stable income in the long run (correct)

To focus only on short-term goals

What is one of the primary goals of most successful business people according to the text?

Expanding personal network

Achieving high social status

Becoming well-known in the industry

Building a secure job and stable income (correct)

Why is it essential for an entrepreneur to be profit-oriented?

To generate income for themselves and their family Signup and view all the answers

What does being goal-oriented entail for an entrepreneur?

Setting clear, organized, and planned activities based on long-term goals Signup and view all the answers

What is a key characteristic of a successful entrepreneur according to the text?

Handling frustrations and failures effectively Signup and view all the answers

Which trait is important for an entrepreneur to develop their business based on, as mentioned in the text?

Building their work on strengths Signup and view all the answers

What is a risk that an entrepreneur should be prepared to take according to the text?

Not considering misfortunes as challenges Signup and view all the answers

Which action helps an entrepreneur to grow their business, as per the text?

Obtaining useful feedback and advice from others Signup and view all the answers

Why must an entrepreneur separate personal financial needs from business finances, according to the text?

To maintain a clear distinction between personal and business expenses Signup and view all the answers