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Characteristics of an entrepreneur (Qualities (Self-confidence (Positive,…
Characteristics of an entrepreneur
is
financial risks
to increase their value
Organize materials, assets
Qualities
An eye for opportunity
finding a need
alert to opportunities
plan anticipate
Independence
know framework
doing own way
they are their own boss
An appetite for hard work
persistent and strongly believe
that work helps themm attain their goals
work hard hours
Self-confidence
Positive
Persuastive
Self confident
Risk taker
Discipline
don't waste time
they finish their work
put the work first
Judgement
think quicly
make a wise decision
Ability to accept change
they own their own business
look at many solutions
to their problems.
Make stress work for them
focusing on the end result
not the process of getting there
Need to achieve
to achieve higher goals
Focus on profits
business success is measured by profits
Risk-bearing
choose moderate risk
calculated risk
Creative and Innovators
efforts in introducing new products
put a fairly reasonable chance to win
leadership
Ability to mobilize resources
They mobilize "6Ms´
market
money
Man
materia
machinery
method effectively
Entrepreneurs have many
qualities
which help them
to manage
their businesses successful
entrepreneurship
person who
a business
becomes
a entrepreneur
creates and runs
Schumpter's view of entrepreneurship
on innovation
new production methods
new markets
New products
new forms of organization
combining various input factors
in an innovative manner
to generate value to the consumer
in order to exceed the cost of the input factors
Function of the entrepreneur
in an innovative manner
.
to generate value
to the consumer
It creates wealth
when the innovation results in new demand
combining various input factors
Entrepreneur in developing economies
he/she starts
bares uncertainties
performs the managerial functions of decision-making and co-ordinating
undertakes risks
puts new processes based
on technological research
into operation
an industry (old or new)
Entrepreneurial Skills
Ability to plan
Marketing
Interpersonal Skills
Personal effectiveness
Communication skills
Barrier to Entrepreneurship
Lack of financial support
Lack of support services/trained staff
Social barriers
Marketing contraints
Poor or absent infrastructure
Unsupportive legal
Andrea Males
