A : Takes the initiative in trying to exploit a business
opportunity B : Takes time to understand and calculate the risks
involved C : Makes an investment to set up the business D : Goes
ahead, despite the risk that the business venture might fail
Slide 3
A : Takes the initiative in trying to exploit a business
opportunity B : Takes time to understand and calculate the risks
involved C : Makes an investment to set up the business D : Goes
ahead, despite the risk that the business venture might fail
Slide 4
Much research has been done to examine the personality and
other characteristics of successful entrepreneurs to see if there
is a proven method or route to success. You will find many lists of
what is takes to be an entrepreneur, but they tend to say similar
things. So here is a summary of the key findings!
Slide 5
Passionate about their product or service and about getting
things right for the customer Visionary they have faith in what
they are trying to do. Energetic and driven prepared to work
consistently long hours, especially in the early stages
Slide 6
Calculated risk-takers not reckless; they are prepared to take
a risk in order to maximize the rewards Multi-tasker able to take
on more than one role (product development, selling, recruitment)
Resilient and determined able to handle problems and overcome
hurdles. Setting up a business is difficult and time-consuming
Slide 7
Results-orientated take pleasure from achieving targets and
setting the bar higher. Persuasive entrepreneurs are good at
bringing other people and businesses along with the idea Leadership
an entrepreneur leads his or her own business (often working alone
in the early stages). As the business develops, the skills of
leading others become even more important
Slide 8
Self-starting and decisive they dont wait for others to take
decisions. Entrepreneurs tend to take the initiative, spotting
opportunities early and taking decisions quickly Focused sets clear
goals and self-imposed high standards Lucky not to be laughed at!
Every business needs some good luck e.g. being in the right place
at the right time.
Slide 9
The important thing to remember about the list is that an
entrepreneur is unlikely to possess all these characteristics!
Anyone who starts a business has strengths and weaknesses. However,
the savvy entrepreneur recognizes where his/her weaknesses lie and
takes steps to address them (e.g. recruit someone with the right
skills).
Slide 10
Slide 11
Work in a group of MAXIMUM 6 students. Presentation title: A
successful entrepreneur Presentation date: OCT 2013 : 29 th, 31 st
NOV 2013 : 5 th*, 7 th, 12 th, 14 th, 19 th, 21 st, 26 th, 28 th
DEC 2013 : 3 rd, 5 th *MAX 2 GROUPS /SESSION*
Slide 12
Points to remember: Show up early, Proper Introduction, Clear
and Concise Points, Enhance your graphics, Conclude the
presentation. Time: 15 20 minutes. REPORT DUE: 7 th DECEMBER 2013 @
5PM
