Factors Affecting Entrepreneurship Flashcards
2 factors affecting entrepreneurship
- personality factors
- environmental factors
personality factors which includes
- initiative
- proactive
- problem solver
- perseverance
- persuasion
- a planner
- risk-taker
which means doing things even before being told
initiative
which means he can classify opportunities and seize it.
proactive
which means he can retain good relations with other people
problem solver
meaning he will pursue things to get done regardless of challenges
perseverance
means that he can entice people to buy even if they don’t.
persuasion
meaning he makes plan before doing things and do not fail to monitor it
a planner
which means that he is willing to gamble but he will calculate it first.
risk-taker
which include political, climate, legal system.. economic and social conditions and market situations.
environmental factors