Characteristics of an entrepreneur
1. Leadership and management abilities
2. Positive risk takers
3. Self-confidence and positive outlook
4. Innovativeness and forward looking
5. Natural intelligence and decision making skills
What does "The entrepreneur as a Missionary" mean?
an entrepreneur is a missionary who perceives opportunities inherent in the exchange of goods with great desire for profit.
What are the 6 managerial skills?
1. the ability to plan and conceptualize
2. the ability to organize the resources of the enterprise
3. the ability to direct and motivate people in his organization
4. the ability to control
5. the ability to manage time
6. the ability to adapt to the changing environment of business
The entrepreneur makes various alternative solutions to the problem at hand.
Formulating alternative solutions
Positive risk takers
What entrepreneurial skills and competencies where the "entrepreneurs start small but with their managerial talents and persistence, they exploit the opportunities available for their disposal.
The Entrepreneur Starts small to become big
What does "The ability to control mean?"
Controlling the whole operation is a difficult task for the entrepreneur. Safeguards and control mechanism could put in a place with carefully crafted policies and procedures. Such policies and procedures must be carefully disseminated and understood by all who will implement them.
1. Identify the problem
2. gather the data that brought the problem
3. analyze the data
4. formulating alternative solutions
5. selecting the best alternatives course of action
6. implementing the best alternative
What is Leadership and management abilities?
is the ability to plan, organize, direct, and control the organization towards the goals and objective of the organization
Enumerate the 4 entrepreneurial skills and competencies
1. the entrepreneur as a missionary
2. Entrepreneur is Goal-Driven
3. The Entrepreneur is a Marketing Man
4. The Entrepreneur Starts Small to become Big
What managerial skills where, "a good business organization is based on around people and resources. . ."
The ability to organize the resources of the enterprise
(Own word)