Know the characteristics of a successful entrepreneur
Additional details
Entrepreneurship is often described as the process of starting a business that offers an innovative product, service or process. The entrepreneur sees a potential business opportunity and follows it through to delivery.
The skills and behaviours required to be an effective entrepreneur include:
- effective communication and interpersonal skills
- creative and imaginative thinking
- practical, organisational and planning skills
- the ability to manage finances
- confident to work on own initiative
- risk taker
- confident
- motivated, passionate and enthusiastic.
Assessment Criteria
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1.1
Define the term ‘entrepreneur’.
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1.2
Identify the main skills that are needed to be a successful entrepreneur.
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1.3
Identify some of the behaviours that are needed to be a successful entrepreneur (e.g. willingness to take risks).