1.5.2 Motives + Characteristics Flashcards by Hameedah Salami | Brainscape

Q

Motives

A

Things that motivate an enter to work hard + create stuff

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Q

Characteristics

A

Traits that make an entrepreneur unique from others

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Q

Characteristics

A

Self-confidence
Self-determination
Commitment
Initiative

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Q

Skills

A

Organisation
Financial management
Managing + communication
Negotiating
Teamwork

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Q

Financial motives

A

Profit maximisation (to generate as much wealth as possible)
Profit satisfying (to generate enough income to live a comfortable lifestyle)

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Q

Non-financial motives

A

Ethical stance (running a business to support their ethical principles)
Social enterprise (running busi for social/enviromental cause)
Independence + home working (flexibility + control)

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