Q.Why should an Entrepreneur possess Analytical Ability?

Analytical ability lets an entrepreneur examine problems objectively and take rational, unbiased decisions.

Analytical ability is the capacity to break a problem down, examine its causes, evaluate the available options and arrive at a well-reasoned decision. It is important for an entrepreneur for these reasons:

• Objective decision-making: the entrepreneur can judge a situation on facts rather than emotion, personal likes or dislikes.
• Handling complex problems: business throws up unexpected difficulties; analytical ability helps identify the real cause and the best solution.
• Evaluating opportunities and risks: it lets him weigh the pros and cons of an investment or a new venture before committing resources. …