Entrepreneur's and entrepreneurship

Question 1

5 Characteristics

Answer 1

Innovation, Commitment and self motivation, multi skilled, leadership, self- confidence, risk taking

Question 2

6 challenges Entrepreneurs face

Answer 2

Capital, Competition, Location, Gaps, Conflict, Base

Question 3

4 reasons for business failure

Answer 3

Lack of cash and working capital, Lack of record keeping, poor management skills, changes in the business and external environment

Question 4

7 impacts of enterprise

Answer 4

Increased Social Cohesion, Personal development, Exports, Innovation and technological change, Firms survival and growth, Economic growth, Employment Creation