Answer:
Entrepreneur is a person who is willing to bear risks to gain profits.
1) risk bearing
2) innovative
3) personality
Explanation: just did it
The three traits needed to become a successful entrepreneur are:
1. Flexibility/ adaptability
Most of the time, your initial plan won't exactly match what you're doing when you achieve success. As your business takes off, you'll find that things you anticipated working well don't function at all. You'll come across things that work that you didn't expect to. You'll observe what others in your industry are doing that will benefit your business, and you'll imitate them. You'll need to be flexible.
Being flexible is essential. The only thing that will never change if you choose to be an entrepreneur is change. If you don't alter, a rising tide of change will sweep your business under. Persistence is second only to adaptation.
2. Persistence
You will inevitably experience roadblocks. You'll lose a lot of clients. Good workers will quit your organisation, and some might start working for other companies. The government will alter the laws, frequently complicating matters. You must be willing to persevere through challenges if you want to succeed. Nothing can replace perseverance, yet without it, success is impossible.
3. Work ethic
The capacity and willingness to work very, very hard is the third important talent. A tiny firm is challenging to run. There will be many more hours in a day than there are now. Those who begin their workweeks on Monday will reach 40 hours on Thursday without slowing down. You'll always be on call. Entrepreneurship success demands a lot of work.
There are many obstacles to overcome when operating a small business, but if you are flexible, persistent, and prepared to put in a lot of effort, your chances of success will be significantly increased. The keys to success in small business are adaptability, persistence, and hard effort, but these three qualities are crucial in any undertaking.
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practise of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth. Failure in entrepreneurship leads in losses and diminished market presence for individuals engaged.
Supporting answer
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