1.5.2 entrepreneurial motives and characteristics

• the characteristics of entrepreneurs:

  • confidence
  • resillience
  • risk taker
  • shows initiative
  • hardworking
  • creative
• the skills of an entrepreneur:

  • numeracy
  • problem solving
  • communication
  • teamwork
  • organisation & able to set up reliable systems
  • IT
• why do people become entrepreneurs?

  financial motives:

  • profit maximisation
  • profit satisficing

  non financial motives:

  • ethical stance
  • social entrepreneurship
  • independence
  • home working
  • flexibility
  • challenge