1454632
Description
Mind Map by Gladys Mba, updated more than 1 year ago
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Created by Gladys Mba
over 9 years ago
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Characteristics and motives of
an Entrepreneur
- Creative
- The entrepreneur will have to be creative
to come up with business plans and ideas
as well as get out of tricky situations
- The entrepreneur will have to be creative
to come up with business plans and ideas
as well as get out of tricky situations
- Hard-working
- Entrepreneurs will have to put in time and effort
into a business to get the idea of the ground. They
will have to work hard to make sure the business
doesn't collapse especially in the first few years.
- Work needs to be put into research for the business
- Entrepreneurs will have to put in time and effort
into a business to get the idea of the ground. They
will have to work hard to make sure the business
doesn't collapse especially in the first few years.
- Resilient
- It often takes time for a business to start doing well
so the entrepreneur will have to push through the
bad times.
- Entrepreneurs need to be able to stand
firm when haggling with others and not
back down so they get the best deal
- It often takes time for a business to start doing well
so the entrepreneur will have to push through the
bad times.
- Self-confident
- Confidence is essential when
battering with other businesses such
as suppliers to get the best deal
- Entrepreneurs have to trust
themselves to make he best decision
for them and their business
- Confidence is essential when
battering with other businesses such
as suppliers to get the best deal
- Risk taking
- Business will have a risk o failing so an entrepreneurs has to
evaluate the risk and decide if it is worth taking for business
ideas, change in product, how the money is spent etc
- Business will have a risk o failing so an entrepreneurs has to
evaluate the risk and decide if it is worth taking for business
ideas, change in product, how the money is spent etc
- Initiative
- Entrepreneurs taking action instead
of spending too much time planning
- Entrepreneurs taking action instead
of spending too much time planning
- Motives
- Independence
- Generate more money
- Needed to make business successful and productive
- Needed to make business successful and productive
- Fill gap in market
- More flexible work
- Fame
- Help community or cause
- Makes running thebusiness more worthwhile and satisfing
- Makes running thebusiness more worthwhile and satisfing
- Independence
- Ethical stance
- The business and its employers need to be ethical
- Unethical businesses lose costumers
- Unethical employees lose jobs
- Unethical businesses lose costumers
- Unethical Business
- Animal testing
- Child labour
- Zero hour contracts
- Pollution
- Bribes/ Greedness
- Tax avoidance
- Animal testing
- Unethical Employees
- Damaging good
- Unhygenic
- Stealing items
- Selling company secrets
- Slacking
- Bullying
- Using business resources for personal needs
- Damaging good
- Ethics: Acting in a way that is considered to be right
- The business and its employers need to be ethical
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