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Wednesday, December 1, 2010

Entrepreneurial Characteristics

Chapter 10: Characteristics and Skills of an Entrepreneur

Characteristics      Not everyone wants to be an entrepreneur and run their own business. Being an entrepreneur requires specific characteristics and skills that are often achieved through education, hard working, and planning

Risk Taker.

Perceptive.

Curious.

Imaginative.

Persistent.

Goal-setting.

Hardworking.


Self-confident

Flexible

Independent


Research Skills

Gathering Information

  • books
  • periodicals
  • indexes and databases
  • the internet
  • consultants
  • professionals
  • schools
Using Information

Management Skills

Planning

Organizing


Directing

Controlling


Profitability

Marketability
      Entrepreneurs need to ask themselves the following questions about their product, service, or charity:
  • Does your target market want this product? Prove it.
  • What is your competition? How much of the market do they own already? How will you take it away from them.
  • Are you competitively priced?
  • Is this a short-term venture? How long will it last? 
  • What do you offer that no other product, service, or charity offers? 
  • Why would a customer pay money for what you provide?


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