Characteristics of successful business managers and entrepreneurs

Question 1

what is an entrepreneur?

Answer 1

a person who is willing to seize opportunities to start an operate a business, and prepared to take risks in the hope of making a profit

Question 2

Characteristics entrepreneurs tend to have

Answer 2

A shared vison, initiative, innovation and enterprise

Question 3

What is a shared vision?

Answer 3

a clear understanding or hope of what the business will be like in the future.

Question 4

What is initiative?

Answer 4

initiative is when an individual takes the first steps towards a series of actions or processes

They frequently do this without someone prompting or telling them to take this step: an entrepreneur will usually make this decision independently

Question 5

What is innovation

Answer 5

Innovation is either adding a new product to an existing product line or significantly improving the existing good or service.

Question 6

Other qualities entrepreneurs show?

Answer 6

leadership qualities, organisational skills and the ability to take managed risks