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What is the main difference between confidence and overconfidence in an entrepreneur?

Answer and explanation

Correct answer: Confidence is based on facts while overconfidence ignores warnings

Healthy confidence helps an entrepreneur act despite uncertainty while remaining open to evidence, advice, and correction. Overconfidence exaggerates one’s ability or certainty and may lead to ignoring data, warnings, or alternative plans. Thus confidence supports informed action, whereas overconfidence can produce careless decisions and unnecessary risk.

Related tags

Self-ConfidenceDecision-MakingEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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