Entrepreneurship Introduction | Characteristics of an Entrepreneur.pptx

Entrepreneurship
Characteristics
Competencies

1. Some BUild

2. Set of Qualities called

3. Oppurtunity is a chance to do something What enebales to grab new business oppurtunities even in the most problematic and hopeless situations

4. for example an entrepreneur went to a developing village he easily identified the goods and services that might be helpful to the villagers he thought of creating a retail store in a service shop he is able to grab an unusual opportunity through his diligent character he is an opportunity seeker

5. Doing something continuously even if other people say that you will not succeed or that you atr wasting your time and effort

6. they accept full responsibility for problems when completing a job for customers

7. risk taking risk taking means taking the chances to do something which is out of your comfort zone entrepreneurs are known for taking calculated risks and doing tasks that are challenging

8. a good entrepreneur demands quality and efficiency not only from himself but also from her workers and suppliers a successful entrepreneur demands quality standards and cannot stand a bad performance from people he or she is working with

9. entrepreneurs with high goal setting abilities are genuinely realistic they plan each and every action and carefully make decisions based on where they want to go their visions are attainable and can inspire their drive in making their goals come to life they are competitive in a positive way and love the idea of winning true hard work and perseverance for them achievements keep their burning passion alive 

10.  information seeking entrepreneurs constantly update themselves with new information about their customers the market suppliers and competitors this is rooted in their innate sense of curiosity information seekers are open to the idea of expert consultation for business and technical assistance feedback is also important for them

11. systematic planning and monitoring entrepreneurs develop and use logical and step-by-step plans to reach their goals they monitor progress towards goals and change strategies when necessary 

12. have self-awareness and belief in their own ability to complete a difficult task or meet a challenge

13. these are vital information that can help entrepreneurs in matching their product to the target market in deciding for the marketing strategy pricing and product packaging among others

14. primarily influence the types of products that are acceptable to a particular locality

15. a country's economy influences both the entrepreneurs and consumers as it relates to the financial matters of businesses like taxes and interest rates to the quality of life costs of utilities and services among others

16. simple and useful framework that allows us to visualize strengths and weaknesses and to identify potential threats and opportunities that exist in a certain busines