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1.1 Characteristics of successful entrepreneurs GapFill

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C
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There are many reasons why entrepreneurs decide to start their own business. Many want to  be their own bosswork in a teambecome an employeewin prizes with the flexibility this brings. Entrepreneurs also personally need  packagingskillscomponentsa uniform 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  add and subtractcommunicate and presentprofit and losssing and dance information about their business idea and their plans. Before doing this, the entrepreneur should have spent time  making social media postscleaning the premisesplanning and researchingtaking a holiday the business idea. 

An entrepreneur setting up their own enterprise may need to be prepared to move from being an employee to being   a leadera team membera workeran associate, which needs a different skill set, including negotiation and innovation, which are not always required from employees.

As well as skills, successful entrepreneurs tend to share certain  skillscharacteristicshobbiesfriends. When things are not going well with the business, an entrepreneur needs  trainingextra fundingresilienceoutside interests to keep going, and improve the situation. This can create stress, so it's helpful if the entrepreneur has  a disinterestan interesta passiona confidence for the business and its product or service. Optimism, creativity and resourcefulness are all 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  nice premisesthe capacity to inspire othersa flattering uniformgood working conditions. Overall, every entrepreneur has to be happy to take  lessons in marketingadvice on financial issuesa riska pay cut that the business may fail. Having confidence and   dreamsdigitsdesperationdetermination to succeed, along with a positive attitude, will help an entrepreneur succeed.

This is your 1st attempt! You get 3 marks for each one you get right. Good luck!

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72%