Entrepunuer

Question 1

Name 3 characteristics an entrepreneur needs

Answer 1

risk taking
confidence
resillience

Question 2

Why does an entrepreneur need to be able to take risks

Answer 2

As to start a business risky decisions will need to be made and they will have to be able to do this

Question 3

Why do they need to be resilient

Answer 3

Bad things and profit will not come to business immediately they have to be prepared for this and carry on, also constant perseverance to stay on top of market trends

Question 4

Confidence

Answer 4

Need to be confident and able to lead and make decisions propely

Question 5

why would an entrepreneur need to have creativity

Answer 5

to have unique ideas for products and services to give their business a USP to gain advantage over competitors, creativity to solve problems within the business

Question 6

why would they need communication skills

Answer 6

make good sales pitch’s to get customers and keep them loyal, and to have solid communication with suppliers and employees or else business will fall through as will not run smoothly and difficulties will happen

Question 7

why would they have leadership

Answer 7

to have their own unique idea for business , and to run business by themselves smoothly