Answer to Question #254515 in Economics for Neha

Question

Entrepreneurs have built successful companies by being able to exploit unmet needs in the market.” Considering the situation, describe the competencies that will be needed by entrepreneurs for starting a startup in today’s era

Answer 1

The main personal entrepreneurial competencies that are needed are: opportunity seeking, persistence, commitment to work, risk-taking, demand for efficiency and quality, goal seeking, information seeking, systematic planning and monitoring, persuasion and networking, self-confidence.