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An entrepreneur selected an idea because it was popular even though personal capability and resources did not match it. What was the main error?

Answer and explanation

Correct answer: Failing to assess the fit between opportunity and capability

A popular opportunity is not automatically suitable for every entrepreneur. Feasibility requires matching the opportunity’s technical, financial, operational, and managerial demands with available skills and resources. The entrepreneur should identify gaps and plan training, partners, funding, or a smaller entry. Popularity and customer identification are useful, but not sufficient alone.

Related tags

Opportunity FitCapabilityIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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