Portfolio of Evidence
The aim of this unit is to understand the skills and behaviours that are required to become an entrepreneur. Learners will have the opportunity to assess their suitability for entrepreneurship.
Unit Learning Outcomes
Know the characteristics of a successful entrepreneur
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
- motivated, passionate and enthusiastic.
Define the term ‘entrepreneur’.
Identify the main skills that are needed to be a successful entrepreneur.
Identify some of the behaviours that are needed to be a successful entrepreneur (e.g. willingness to take risks).
Be able to assess own suitability for enterprise
In this learning outcome, the learner has the opportunity to assess their own suitability as an entrepreneur. Learners could design a checklist using the skills and behaviours from learning outcome 1. They can research how they can develop skills and behaviours that they identify as a gap and make a judgement on their suitability to become an entrepreneur.
Describe own existing enterprise skills and behaviours.
Identify skills and behaviours that would need further development.
Give examples of how they could develop in the necessary areas.
Make a judgement on how well-suited they are to becoming an entrepreneur, using evidence from their self-assessment.