Explain characteristics of entrepreneurship.
Characteristics of entrepreneurship are:
1. Ability to take the risk: An entrepreneur should have the courage and capacity to take the risk.
2. Innovation: An entrepreneur must be innovative i.e. he must be able to generate new business ideas to generate more profits.
3. Vision: He must have a future vision regarding his business.
4. Leadership: He must possess the leadership quality so that he can co-ordinate the efforts of his employees and guide them to work for the achievement of the organisational goals.