Entrepreneurial
Characteristics
Characteristics
What should you do before making a risky decision?
- You should research all possible problems when taking on a risk and decide whether the risk is worth taking.
List three Entrepreneurial skills.
- Research skills.
- Management skills.
- Relationship skills.
Risk taker: Risky investments often lead to…(List both positive and negative)
- Better rewards compared to safer investments.
- Risky investment you could also lose a lot more.
Your group is making a dessert product that appeal to teenagers. The group that you're in isn't sure what specific dessert product they should sell. What can your group do to collect information?
- Surveys
- Interviews
- Focus groups
List all three different types of relationships when running a business.
- Staff.
- Supplier.
- Customer.
Perceptive: True or False?
Successful people do not avoid and look at problems negatively, instead, they see them as opportunities and challenges.
True
Gathering information: How do entrepreneurs find answers to questions they have?
Where do they look for these answers? (List at least 4 of the answers to get full points.)
- Books
- Magazines/Newspapers/Newsletters
- Indexes and databases
- The Internet
- Consultants
- Professionals
- School
New businesses are usually not successful immediately and there are many mistakes to be made and learned from but the key is to be _______________.
Persistent.
Using information: True or False?
All information that you get from a survey is usable.
False.
Not all information is usable, an entrepreneur will need to extract important information that answers the initial question.
Flexible Definition?
Things in business are constantly changing, whether that be trends, the market, or rules, you need to be able to adapt yourself to these changes.
List all four management skills.
- Planning
- Organizing
- Directing
- Controlling