1.5.2 Characteristics Of An Entrepreneur Flashcards
1
Q
What are the characteristics of an entrepreneur?
A
- Self-confidence
- Self-determination
- Being a self-starter
- Judgement
- Commitment
- Perseverance
- Initiative
2
Q
What are some skills entrepreneurs should possess?
A
-Organising
-Financial management
-Communication
-Managing people
-Decision making
-Negotiating
-IT skills
3
Q
What are the reasons why people set up businesses?
A
-Financial motives
-Profit maximisation
-Profit satisficing
4
Q
What are the non financial reasons people set up businesses?
A
-Ethical stance
-Social enterprise
-Independence
-Home working
