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A4 Skills and characteristics of entrepreneurs GapFill
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There are many reasons why entrepreneurs decide to start their own business. Many want to with the flexibility this brings. Entrepreneurs also personally need to succeed. These may have been developed through experience or attending courses. In order to approach banks or investors, an entrepreneur needs the ability to information about their business idea, and their plans. Before doing this, the entrepreneur should have spent time the business idea.
An entrepreneur setting up their own enterprise needs to be prepared to move from being an employee to being , which needs a different skill set.
As well as skills, successful entrepreneurs tend to share certain . When things are not going well with the business, an entrepreneur needs to keep going, and improve the situation. This can create stress, so it's helpful if the entrepreneur has a for the business, and it's product or service. Optimism and resourcefulness are both very helpful characteristics in an entrepreneur.
Once the business is a success, the entrepreneur may need to find investors and employees. Both of these will be easier if the entrepreneur has . Overall, every entrepreneur has to be happy to take that the business may fail.