Entrepreneurship - JSS1 Business studies Past Questions and Answers - page 2

Successful entrepreneurs typically possess qualities such as innovation, resilience, adaptability, and a strong work ethic. They are also risk-takers who are willing to embrace challenges and learn from failures.

Business incubators and accelerators provide self-employed individuals with valuable resources such as mentorship, networking opportunities, access to funding, and guidance on business development and growth strategies.

Successful entrepreneurs play a vital role in driving local economic growth by creating jobs, stimulating investment, fostering innovation, and contributing to the overall development of the community through their businesses.

Self-employment offers individuals autonomy and control over their work, allowing them to pursue their passions, create their own schedules, and potentially achieve higher levels of financial success compared to traditional employment.