Session 3: Qualities of a Successful Entrepreneur
Unit 4: Entrepreneurship Skills
Textual Question-Answers
Check Your Progress
A. Short answer questions
1. Identify qualities of the following entrepreneurs. Also writewhy you think this person has this quality or the qualities.
(a) Anil wanted to do something very different and something noone has thought of before. He decided to start a special travel servicesfor old people/senior citizens.
Ans: Anil shows creativity and innovation because he thought of a newtravel service specially for senior citizens. He also shows empathy as heunderstood the special needs of old people.
(b) Rakesh loves playing outdoors. He used to spend his eveningswith his friends, playing games. But, he had seen that many of hisfriends didn’t like playing outdoors because they didn’t feel safe. Hedecided to open a playground for children of all ages, with propersecurity. He found an unused playground, got permission to use it andasked his friends to help him clean it. He hired a security guard for theplayground. He charged a small fee for people who wanted to play. Both parents and children liked his idea, and started playing thereregularly. His business helped children who would not play outdoorbefore.
Ans: Rakesh shows leadership, problem-solving ability, and social responsibility. He identified a problem, took initiative, organized resources, ensured safety, and created a useful service for children and parents.
(c) Radhika was a cook in a small restaurant in her area. She madeenough money to support her husband and children. She decided tostart her own food stall to sell Punjabi food. She would make special parathas. A few days after starting her business, the police came andtold her that she was not allowed to run her stall in the area. Radhikadid not give up. She started a Tiffin service through which she would deliver fresh food to people.
Ans: Radhika shows determination, adaptability, and hard work. She didnot give up when she faced a problem and changed her business idea to continueearning.
2. Do you think you have the qualities of an entrepreneur in you? Ifyes, give examples when you have shown these qualities.
Ans: Yes, I think I have some qualities of an entrepreneur. I try to solveproblems creatively, take initiative in group work, and help others bysuggesting new ideas to complete tasks effectively.
3. Read the story of Sushma, the Toy Maker once again and fill inthe boxes mentioning the various qualities that Sushma might havepossessed as an entrepreneur.
Ans:
Creativity
Hard work
Self-confidence
Problem-solving ability
Perseverance
Innovative thinking
