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A person starts a business without estimating costs in the name of courage and then runs short of money. Which myth is exposed?

Answer and explanation

Correct answer: A courageous entrepreneur does not need planning

The central idea is that courage can help an entrepreneur face uncertainty, but courage alone cannot replace planning. Before starting a business, a person should estimate costs such as materials, rent, equipment, transport, wages, and other regular expenses. A money shortage may occur when these needs are ignored. Careful planning does not remove all risk, but it helps the entrepreneur prepare funds and make more responsible decisions.

Option B is correct because the example exposes the myth that a courageous entrepreneur does not need planning. Courage and carelessness are different: courage means acting with confidence after considering risks, while carelessness means ignoring important information. Option A makes an unnecessarily absolute claim, and Options C and D do not explain the mistake described.

Related tags

Planning MythCost EstimationCourageFinancial PreparationMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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