Role of the entrepreneur

Question 1

What is an entrepreneur?

Answer 1

Entrepreneur is risk taking indiviual someone who takes the financial risk of
starting and managing a new venture

Question 2

What are qualities entrepreneurs need?

Answer 2

Innovation, commitment and self motivation, Multiskilled, Leadership sills, Self- confidence and an ability to bounce back

Question 3

What is innovation?

Answer 3

The ability to create or meet a need which either hasn’t been created or hasn’t been filled. Also an ability to do things differently

Question 4

What is commitment and self- motivation?

Answer 4

Running a business is risky and difficult. An entrepreneur should be willing to work hard, have ambition, have energy.

Question 5

What is multi skilled?

Answer 5

Entrepreneurs will often have to make the product ( or provide the service) promote it, sell it and keep accounts. This means that they require the willingness to learn new skills and be good at them.

Question 6

What is leadership skills?

Answer 6

The entrepreneur needs the ability to lead by example, encourage, motivate themselves and those around them