Entrepreneurship documents will help you to have more knowledge about entrepreneurship and how to run your business. You will be able to know also some skills to make more your business successful through this materials. Definitely, this will really be a big help if you are an aspiring entrepreneur in the future. As we all know that in the business world there a lot of opportunities, with this, the attached presentation will really be helpful.
19. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Creativity helps in coming
up with new solution for
the problems at hand and
allows one to think of
solutions that are out of the
box.
19
CREATIVITY It is a quality which all good
entrepreneurs must possess. An
entrepreneur's mannerisms and
behavior with their employees
and clientele goes a long way in
developing the culture of the
organization.
PROFESSIONALISM
20. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Good entrepreneurs are
always ready to invest their
time and money but they
always have a backup for
every risk they take.
20
RISK-TAKING
It allows the ability to put extra
hours in the office which can or
may make a difference. At the
beginning of every
entrepreneurial venture or any
venture, there are hurdles but
your passion ensures that you
are able to overcome these
roadblocks and forge ahead
towards your goal.
PASSION
21. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Planning is strategizing the
whole game ahead of time It
basically sums up all the
resources at hand and enables
you to come up with a structure
and a thought process for how
to reach your goal.
21
PLANNING An entrepreneur should possess
complete knowledge of his niche
or industry. It enables him to
keep track of the developments
and the constantly changing
requirements of the market that
he is in.
KNOWLEDGE
22. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Social Skills involve the
following :
Relationship Building
Hiring and Talent Sourcing
Team Strategy Formulation
22
SOCIAL SKILLS
An entrepreneur should be
determined. He should face his
lossess with a positive attitude
and his wins, humbly. A good
businessman will know not to
frown on a defeat. A good
entrepreneur takes the
experience of this setback and
works even hard with the next
goal in line.
OPEN-MINDEDNESS
23. CHARACTERISTICS OF A SUCCESSFUL ENTREPRENEUR
Empathy is the understanding
of what goes on in someone’s
mind. This a skill that is worth a
mention. A good entrepreneur
should know the strengths and
weakness of every employee
who works under him.
23
EMPATHY
A good entrepreneur will
always know this, a
business is all about the
customer.
CUSTOMER IS EVERYTHING
25. They seek to create
scalable businesses within
a short time frame. These
individuals seek to build
out a strong infrastructure
by hiring the best talent
and seeking the best
investors.
25
BUILDER
26. They are optimistic
individuals with the ability
to pick out financial
opportunities, getting in
at the right time, staying
on board during the time
of growth, and existing
when a business hits its
peak
26
OPPORTUNIST
27. Those rare individuals that
come up with a great idea
or product that no one
has thought of before.
They are more focused
about the impact of their
product and services to
the society.
27
INNOVATOR
28. These individuals are
analytical and risk-averse.
They have a strong skill
set in a specific area
obtained through
education or
apprenticeship.
28
SPECIALIST
30. 1. Start with a great
business idea
2. Develop an
entrepreneurial mindset
3. Plan your path to success
4. Launch your business
5. Grow the network
6. Communicate success
30
SMARTTIP
33. According to Kritikos (2014)
in his study entitled
“Entrepreneurs and their
Impact on Jobs and
Economic Growth” stated
that productive
entrepreneurs can
invigorate the economy by
creating jobs and new
technologies , and
increasing productivity
33
36. KEY FINDINGS
PROS
Entrepreneurs
provide new job
opportunities in
a short and long
term
CONS
In the medium
term,
entrepreneurial
activities may
lead to layoffs if
existing firms
close.
36
39. 39
An entrepreneur is an individual who takes an idea or product
and create a business, a process known as entrepreneurship.
Creating a business requires a lot of work and dedication, which
not everyone is cut out for. Entrepreneurs are highly motivated
risk-takers that have a vision and sacrifice a lot to achieve that
vision.
Entrepreneurs enter the market because they love what they do,
believe their product will have a positive impact, and hope from
their efforts. The steps entrepreneurs take fuel the economy; they
create business that employ people and make products and
services that consumers buy.
BOTTOMLINE
43. 43
Ichimura, A. (2021). Top 20 Entrepreneurial Countries in the World. Retrieved on August 21, 2021 from
https://esquiremag.ph/money/industry/ph-top-entrepreneurialcountries-a00304-20210204
Kritikos, A. (2014). Entrepreneurs and their Impact on Jobs and economic Growth. IZA World of Labor
2014:8 doi:10.15185/izawol.8
Hayes, A. (2021). Entrepreneur: Business Essentials. Retrieved on August 21, 2021 from
https://Investopedia.com/terms/e/entrepreneur.asp
JBCN Education, (2017). 10 Characteristics of a successful entrepreneur. August 21, 2021 from
https://jbcnschool.edu.in./blog/characteristics-of-an-entrepreneur/
Dunlop, B. (n.d.). How to become an entrepreneur – A step by step guide. Retrieved on August 21, 2021
from https://incomediary.com/how-to-become-an-entrepreneur
REFERENCES