4 Analyse how an entrepreneur can be successful by being self-confident & Independent. [6]

[ayyan ali]

[kn]by being independent entrepreneur can develop a skill of decision making
[AN]and this hel them to make quicker and decisive decisions and thus can achieve economic of scale
[AN+]TUS INCREASE THE OUTPUT OF THE BUSINESS and hence lead to growth

[KN]b being confidet the entrepreneur can develop a risk taking ability .
[AN]when an entrepeneur believe in themselve they also rediate that confidence to lthers whch attract share holders to invest in he business.
[AN+]THUS CAN MOTIVATE WORKERS TO WOK HARDER FOR BETTER OUTPUT AND ALSO THEIR SALARIES

[Mahnoor Ali]

Possible Structure:
[KN] Strong decision making
[AN] This will make an entrepreneur be more careful and ensure that the best is decided.
[AN+] This will lead to the smooth running of operations.

[KN] The entrepreneur will be able to attract investors as he will present the business in the best way
[AN] This will increase the value of the shares in the stock exchange
[AN+] Hence, improve brand image

[Abbas17]

(KN) Self confidence brings innovation
(AN) as when an entrepreneur will be self confident in themselves, they will be able to produce innovative products and better results for their business,
(AN+) hence, because of this customer satisfaction could be achieved and hence more profit could be earned.

(KN) An independent entrepreneur makes better decisions
(AN) there is no one to neglect or refuse with their decisions, hence allowing them to make better decisions alone from their own prespective,
(AN+) hence because of this, an entrepreneur can adapt more quickly to changes in the market as well as bring about more efficiency in their decision making.

[Syed Mustafa Ali]

(KN) Self confidence brings innovation
(AN) as when an entrepreneur will be self confident in themselves, they will be able to produce innovative products and better results for their business,
(AN+) hence, because of this customer satisfaction could be achievedand hence more profit could be earned.

(KN) An independent entrepreneur makes better decisions
(AN) there is no one to neglect or refuse with their decisions, hence allowing them to make better decisions alone from their own prespective,
(AN+) hence because of this, an entrepreneur can adapt more quickly to changes in the market as well as bring about more efficiency in their decision making.

In the second analysis instead of customer satisfaction you should right about a USP as it is more relevant e.g it differentiates the product from its seller.
The whole second point should be changed as most of the times a single person cannot make better decisions than in a teamwork. The decision may be good from the entrepreneur perspective but may not be good for the business. However the faster decision making point is right but everything else should be altered.

[Maham fatima]

[KN]Self-confidence helps to convince other on your ideas and thoughts
[AN] by convincing bank that the business is going to be successful,an entrepreneur can get loans
[AN] which can help to finance business expansion


[KN]Independence allows entrepreneurs to work without employees
[AN] if a business cannot hire as many employees in the initial period entrepreneur may work themself
[AN] hence allows them to remain motivated and work without help

[Areena]

Encourages your employees
Being an enterpreneur your confidence will impact how your employees perform and perceive you. The more confident you are as an entrepreneur, the more respect you hold with your employees and the more confident they will be.
Increasing there productivity and efficiency

Decision making
Being a independent enterpreneur they have a freedom to make any risky decision without any interuption
Hence they can make decision fastly without any delaytion as they are not bound

[Shanze Hussain]

[KN] self confidence is a must for the success of an entrepreneur
[AN] believing in oneself and believing in ones own abilities is essential when facing the basic challenges and unsureness of entrepreneurship
[AN+]self confident entrepreneurs are more likely to take calculated risks, pursue ambitious goals and persisting in the face of of obstacles, allowing them to make decisions with good judgement, inspire others, and attract necessary resources such as investors and talented team members

[KN] entrepreneurs often require a high level of independence
[AN] when entrepreneurs are independent they are more self reliant and capable of making decisions without excessive reliance on others
[AN+]independence enables entrepreneurs to adapt quickly to changing market conditions, seize emerging trends, and pivot their strategies when necessary. it also allows them to maintain control over their vision and direction, avoiding excessive influence from external parties

[Mahnoor Ali]

[KN] the entrepreneur will be precise about her/his decisions and carry on with them
[AN] this will help the business achieve its objectives
[AN+] thus, ensuring long run expansion.

[KN] the entrepreneur will have problem solving skills
[AN] in case any error or confusion comes up the entrepreneur will be quick to solve the issue
[AN+] thus ensuring that the operations run smoothly

[Syed Mustafa Ali]

(KN) Self confidence leading to risk taking ability
(AN) When an entrepreneur is confident in his abilities he will take risks
(AN+) If these risks happen to work out in favour of the entrepreneur it can result in a profitable end

(KN) An independent individual owns up to his actions
(AN) A fit and able leader is he who owns up to whatever he does whether it be a mistake or an up for the firm
(AN+) Thus independence can lead to increased trust in the entrepreneur

Whole answer copied from Talha Asim

[Syed Mustafa Ali]

[KN]manage finance wisely
[AN]INDEPENDENT MEANS u can mange ypur finance and resources efficiently u dont need the contant guidence and make the most of what u have
[AN+]managing is imp part of the business as it is essetial for success of the business

[KN]seek knowledge
[AN]a confident and independent entrepreneur is ope to learn he can seek information and expertise his business
[AN+]and it is essential for long term success of the business

The response contains some grammatical errors and lacks clarity in expression this could result in deduction in you marks during the cies if the examiner does not understand what you are trying to say.

[Syed Mustafa Ali]

[kn]by being independent entrepreneur can develop a skill of decision making
[AN]and this hel them to make quicker and decisive decisions and thus can achieve economic of scale
[AN+]TUS INCREASE THE OUTPUT OF THE BUSINESS and hence lead to growth

[KN]b being confidet the entrepreneur can develop a risk taking ability .
[AN]when an entrepeneur believe in themselve they also rediate that confidence to lthers whch attract share holders to invest in he business.
[AN+]THUS CAN MOTIVATE WORKERS TO WOK HARDER FOR BETTER OUTPUT AND ALSO THEIR SALARIES

Same mistake as the previous answer and you accidentally answered the same question twice. please delete one of the 2 answers

[Soha Hussain]

Q4 Analyse how an entrepreneur can be successful by being Independent & self-confident. [6]

[KN]fast decision making
[AN]independent entrepreneurs having the freedom to address and implement decisions without any hierarchy pressure, nor any conflict of interest
[AN+]due to this, time isn't wasted and the business tends to respond quickly to changing trends and demands.

[KN]expansion/innovation/etc
[AN]as self-confident entrepreneurs tend to have full belief in their ideas, they bring unique projects into the market; that may be risky, but are believed to have high profits.
[AN+]thus they have an increase in sales, and profits, allowing them to reinvest in their business to hire skilled labor(or introduce capital intensive methods), or plan for expansion/innovation

[Huma Junaid]

[KN] taking action
[AN]They believe in their ideas and are willing to take calculated risks to turn their vision into reality.
[AN+]they don't need constant approval or validation from others.

[KN] Decision-Making
[AN]Self-confidence enables them to make these decisions with conviction hence trusting their judgment.
[AN+]without being overly influenced by external opinions.