5 LEVELS OF ENTREPRENEURIAL DEVELOPMENT (ACCDG. TO ACTION COACH) Flashcards

1
Q

Self-employed persons are, simply put, not comfortable with the routines of a desk job. They do not want to conform to a fixed working schedule. They want to do things in their own way and start to feel agitated when controlled by the powers-that-be.

A

THE SELF-EMPLOYED

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

In this level, entrepreneurs feel the need to step up and ask some help from the people around

them. They delegate and hire potential employees to do the work. However, they may have the tendency to get more people who do not know the exact needs and requirement of the job

A

THE MANAGER

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Entrepreneurs in this level already enjoy seeing their people flourish, stepping up and producing great results with minimal supervision.

A

THE LEADER

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Investors look for more opportunities for their business to grow. They may either purchase one or two businesses that can potentially add value to the company, or sell their established
business (as a franchise) to potential entrepreneurs.

A

THE INVESTOR

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

True entrepreneurs, based on their experience, now aim for quality and excellence in their work.

They have fully learned and continue to practice, a four-step process of thinking

A

THE TRUE ENTREPRENEUR

How well did you know this?
1
Not at all
2
3
4
5
Perfectly