Class 12 Employability Skills
Unit 4: Entrepreneurial Skills – IV
Important Question Answer
1. What is common in all successful entrepreneurs?
Answer: The sense of purpose behind their venture as well as willingness to take the leap and implement their ideas is common in all entrepreneurs.
Most entrepreneurs follow a basic process of entrepreneurship to kick-start their ventures.
2. What are the barriers to becoming an Entrepreneur?
Answer: Barriers to becoming an Entrepreneur are –
- (a) Unsupportive business environment
- (b) Market entry regulations
- (c) Shortage of capital
- (d) Skilled workforce challenges
- (e) Lack of Entrepreneurial Mindset & Training
- (f) Risk Aversion
- (g) Fear as a barrier
