Enterprising Question Business.docx

Optimism optimism is a sense of hopefulness and

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Optimism: optimism is a sense of hopefulness and confidence about the future success of a venture. Determination: Determination is a characteristic of being firm and committed.
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Persistence: persistence is the ability to continue to follow a project regardless of the opposition or challenges faced. 7. List five factors that contribute to resilience in a person. A positive view of self, self-confidence, feeling in control, helping others, close relationship with family and friends and good problem solving and communication skills. 8. What are internal and external challenges faced by entrepreneurs? They have to be strong in mentally and physically. Things like high level of mental and physical commitment required, higher level of stress, physical exhaustion, demands management and interpersonal requirements and lack of personal time. 9. List four aspects that lead to self-confidence in an entrepreneur. Be honest and respectful, acknowledge self-doubt and attend to fear, be informed of the world and ask questions and develop knowledge. 10. How do entrepreneurs attain specialised knowledge and or experience? They have to invest both time and resources to attain specialised knowledge or experience. You can undertake research and learning, employ individuals who specialise in the field of interest, research market information and more.
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Christopher Reinemann
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