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Characteristics of an entrepreneur - Coggle Diagram
Characteristics of an entrepreneur
demonstrating initiative and resilience
entrepreneur's don't wait for something to happen they create that idea or reality
they create that idea or reality that there focused on
They get back up if there idea flops and try again
Push hard for there product or buisness
many successful businesses have the ability to innovate and continually bring new beneits to the customer
establishing a shared vision
Successful entrepreneurs have a clear understandingor hope of what the business will be like in the future
The most effective way managers can share their vision for the business is through the organisation’s goals
A vision involves creating a short statement that will guide the business over the next few years
Having a shared vision means that everyone in the business works together, as a team, to develop and then accomplish a goal
set objectives and have a vision for the business’s future
appreciating the role of failure in success
every successful entrepreneur has experienced failure
Everything leading up to failure is a lesson
When failure arises or whether they embrace failure, learn from it and grow
What distinguishes a successful entrepreneur from a mediocre one is whether they get discouraged and contemplate giving up when failure arises
they appreciate the role of failure in success and view it as an opportunity to learn
taking advantage of opportunity
Identify a idea that could succeed
They prove that there is a better way of doing something
They use everything they have to make there idea a reality
reading magazines and books and researching on the internet
determining improvements that could be made to an existing product.