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Doc. Code: ACA-QF-05 Revision No.: 02 Effective Date: May 21, 2020
Doc. Code: ACA-QF-05 Revision No.: 02 Effective Date: May 21, 2020
Code: ACA-QF-05
Revision No.: 02
Effective Date: May 21, 2020
ISO 9001:2015
Certified
Doc. Code: ACA-QF-05
Revision No.: 02
Local Resources
Various natural and productive resources are available that every entrepreneur can utilize
for business success. The usage of local resources increases its value and reduces the rate of
resource wastage.
Technological advancement
By being a creative and innovative technopreneur, they play an important role in the field of
utilization as well as the development of technology.
Capital formation
Investment is an integral part of a business and an Entrepreneur requires funds to start up and
take their business to the new heights. They take financial assistance from the investors and
financiers and utilize the public savings that lead to economic development.
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The young generation gets a chance to work with such technopreneurship firms and learn nuts
and bolts how to get success. It also inspires these teammates and employees to grow and start
up their business firms too.
Technopreneur
•Likes to innovate
•Is part of a team
•Is able to do many things at once, but chooses to delegate
•Is innovative and has a greater vision
•Likes to be the one to control innovation and be part of an evolution
•Is motivated by a strong vision and his passion to innovate
•Takes failure in stride and knows it will lead to success if correction can be made
Answer:
1. Willing to Take a Risk
Many successful small business owners leave good jobs – this is just one indication of their willingness to
take risks. Another is investing their own money when getting a return is far from guaranteed. After all,
there is a big difference between spotting an opportunity in the market and going for it.
2. Driven to Succeed
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Successful small business owners are also very driven, constantly working to improve multiple aspects of
their lives, including their career and their business. Resting on laurels or being happy with the status quo
is alien to them.
9. Invest in Marketing
When things are tight, marketing is often the first thing that gets cut. Forward-thinking small business
owners, however, understand the essential role that marketing plays in making a business successful.
Therefore, they invest, in good times and in bad.
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