1.5.2 Entrepreneurail Motives and Characteristics

Question 1

What are the roles of an entrepreneur?
(CRI)

Answer 1

C-Creating and setting up a business
R-Running,expanding and developing a business
I-Innovation within a business

Question 2

What are 5 characteristics of an entrepreneur?

Answer 2

1.Risk taking
2.Resilience
3.Confidence
4.Organised
5.Motivated

Question 3

What the financial motives of an entrepreneur?

Answer 3

Profits
Financial security
Profit maximisation
Financial independence

Question 4

What are the non-financial motives for an entrepreneur?

Answer 4

Personal motivation
For a cause eg charity
Improve environment
Home working
Ethical stance
Social entrepreneurship