Question

State with reason whether the following statements are 'true' or 'false'.

1. Training broadens the vision of entrepreneurs.
2. Attitudes build an entrepreneur.
3. Motivation is an important factor in the development of an entrepreneur.

Answer 1

1. Training broadens the vision of entrepreneurs – True

Explanation:
The above statement is correct. Training enhances the skills and competences of an entrepreneur, as he/she learns through practical exposure. With training, an entrepreneur gains experience by interacting with people inside as well as outside the industry. Thus, we can say that training makes an entrepreneur efficient.

2. Attitude builds an entrepreneur – True

Explanation:
Yes, it is correct to say that attitude builds an entrepreneur. Attitude of an entrepreneur is judged by how quickly he/she identifies new opportunities. There are some traits that a successful entrepreneur should have in his/her attitude such as passion for the business, trustworthiness, timely decision-making quality and strong work ethics.

3. Motivation is an important factor in the development of an entrepreneur – True

Explanation:
The basic objective of an entrepreneur is to accomplish the goal of the organisation for which he/she needs skills and willingness. Skills can be achieved through education and training, while willingness is something that comes with motivation. An entrepreneur should be motivated from within to work towards the fulfilment of the organisational goal. Hence, we can say that motivation leads to entrepreneurial development.