13. Characteristics of Successful Entrepreneur Entrepreneu r Determination & Persistence Motivation to succeed No daunted by failure Passion Spot and take advantage of opportunities Relevant skills and expertise Vision, creativity and innovation Risk taker
27. Dick and Mac The business began in 1940, with a restaurant opened by brothers Dick and Mac McDonald in San Bernardino, California. Their introduction of the "Speedee Service System" in 1948 established the principles of the modern fast-food restaurant. The original mascot of McDonald's was a man with a chef's hat on top of a hamburger shaped head whose name was "Speedee.
31. Entrepreneur should be: Self-confident and optimistic Able to take calculated risk Respond positively to changes Flexible and able to adapt Knowledgeable of markets Able to get along well with others Independent minded Energetic and diligent Creative, need to achieve Dynamic Leader Responsive to suggestions Take initiatives Resourceful and persevering Perceptive with foresight
32. Role of Entrepreneur in Economy Better Standard of living Creation of employment New product in market New ideas bring huge changes Money circulation Develop new market Mobilize capital resources New technology Discover new source of material
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