12. โข Willingness and the ability to innovate.
โข Ability to analyze and interpret various
situations and signals from the market and then
make a decision based on incomplete
information.
โข Ability to take responsibility for the
consequences of business decisions.
โข Skills in organizing and managing the other
factors of production.
โข Self-confidence and total commitment.
Roles and Traits of an Entrepreneur
13. โข The importance of entrepreneurship drives the government to promote
and support entrepreneurial activities. The government provides
technical and financial support to those who aspire to become
entrepreneurs. Even the private sector is doing its part to support those
who wish to become entrepreneurs by giving short trainings and four-
year courses on entrepreneurship.
Importance of
Entrepreneurship in the
Economy