Wednesday 1st of november

chapter 10: characteristics and skill of an entrepreneur 

Entrepreneurial characteristics 

not everyone want to be an entrepreneur and run their own business. being an entrepreneur requires specific characteristics and skills that are often achieved through education, hard work, and planning

Risk Taker
businesses face risks. entrepreneur minimize risk through research and planning and skill development

perceptive
entrepreneurs view problems as opportunity and challenges

curious
entrepreneurs like to know how things work. they take the time and infinitive

imaginative

persistent

goal-setting

hardworking

Self-confident

flexible

independent

researcher skills

gathering information

using information

management skills

planning

organizing

directing

controlling

human relationships
staff
supplier
customer
  
marketability
entrepeneurs need to askthemselves the following questions about their product, service or charity:

• does your target market want this product? prove it.
• what is you competition? how much of the market do they own already? how will you take it away from them?
• are you competitive priced?
• is this a short term venture? how long will it last?
• what do you offer that no other products, service, or charity offers? why would a customer pay money for what you provide?

profitablility