Module 1 - The Entrepreneur Flashcards
Characteristics of a successful entrepreneur
Passion and motivation
Risk taker
Persistence and determination
Persuasiveness and resourcefulness
Ambition
Creativity
Optimism
Willingness to learn
Skills of a successful entrepreneur
Communication skills
Marketing skills
Ability to plan
Interpersonal skills
Basic management skills
Personal effectiveness
Team building skills
Leadership skills
Attractions of Entrepreneurship
Flexibility
Wealth creation
Be your own boss
Remote working
Changing the world
Barriers to entrepreneurship
Capital
Knowledge
Time
Ideas
Income
Risk
What is an entrepreneur?
Someone who uses their vision, passion, motivation and innovation to take calculated risks in order to start a new venture and create value
Someone who sets up their own business, taking on risks with the view to make a profit
What is an intrapreneur?
An employee within a company who is tasked with exploring and developing an idea from within a company
Are the risks or rewards lower for an entrepreneur or intrapreneur
Intrapreneur
In entrepreneurship what are the two methods of thinking?
Divergent - brainstorming
Normally leads to
Convergent - actual solution
What factors can help improve creativity? (Not just factors in the environment)
Working environment
Ability to play
Creative culture
Recognition scheme
Creativity process
Creativity training
Leadership
Ways that the working environment can be manipulated to enhance creativity
Familiar surroundings
Natural light
Moderate noise level
Constant, moderate temperature
Colourful or childlike spaces
