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Create Jobs

Entrepreneurs seek more people to assist them as their firm grows. They purchase more material from more
individuals. In addition, they hire more people to work for them. More people will have jobs as a result of this.
Sharing of Wealth

Wealth means having enough money to live a comfortable life. As entrepreneurs grow their business, the people
working for them and in related businesses also grow. They have more money to live a better quality of life.

Lower Price of Products

As more businesses sell the same product, the price decreases. For example, as more mobile phones were sold
in India, the price of the phone fell.

QUALITIES OF AN ENTREPRENEUR

You must be familiar with some famous business houses such as Tatas, Birlas, Modi, Ambanis, etc. they all started as
small scale entrepreneurs and made their empires
over the period of time with their hard work Discipline Confidence Flexibility
and special qualities that make an entrepreneur. Taking Initiative Competitive Creativity
The success of an enterprise is attributed to the Determination Motivator Strong Work Ethic
entrepreneur. Successful entrepreneurs have Passion Leadership Dynamism
many qualities in common.

Here are some qualities of a successful entrepreneur.

Discipline
The entrepreneurs are focused on making their businesses work. They eliminate all hindrances and outline
the tactics to accomplish their goals. Successful entrepreneurs are disciplined enough to take steps every day
towards the achievement of their goals.

Confidence

The entrepreneurs do not ask questions about whether they can succeed or whether they are worthy of success.
They are confident that they will make their businesses succeed. They exude that confidence in everything they
do.
Flexiblity

Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being
generated about workflows and efficiency, people skills and potential new businesses. They have the ability to
look at everything around them and focus it toward their goals.

Taking Initiative

Entrepreneurs know that if something needs to be done, they should start it themselves. They set the parameters
and make sure that projects follow that path. They are proactive, not waiting for someone to give them permission.

Competitive
Many companies are formed because entrepreneurs know that they can do a job better than another. They
know how to win at the businesses that they create. The entrepreneurs highlight their own company’s track
record of success.

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