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Entrepreneurs : - Coggle Diagram
Entrepreneurs :
Skills of an Entrepreneur-
• Human Relations Skills – communicate, motivate, lead.
• Decision-Making Skills – analyse options, choose the best course of action.
• Time Management – prioritise tasks, meet deadlines.
• Risk Management – assess risks, reduce uncertainty.
• Financial Skills – budgeting, managing cash flow, securing finance.
• Networking – build contacts, collaborate, find opportunities.
• Innovation/Creativity – problem solving, generating ideas.
Characteristics of an Entrepreneur-
• Innovative – brings new ideas/products.
• Risk Taker – willing to take calculated risks.
• Determined/Resilient – doesn’t give up easily, keeps going after setbacks.
• Confident – believes in themselves and their ideas.
• Flexible/Adaptable – open to change.
• Proactive – takes initiative, seeks opportunities.
• Visionary – sees opportunities others miss.
The role of an entrepreneur in an organisation-
• Sets up the business.
• Provides leadership and vision.
• Creates employment.
• Allocates resources.
• Drives innovation and growth.
The role of an entrepreneur in society-
• Provides goods and services.
• Improves standard of living.
• Encourages community development (CSR, local projects).
• Acts as a role model (inspiring others to be enterprising).