Motives and Characteristics

Cards (11)

what are entrepreneurial characteristics?
the personal qualities commanly found in entrepreneurs
what are entrepreneurial skills?
the abilities required to be a successful entrepreneur
what are entrepreneurial motives?
the reasons why an entrepreneur sets up their business
what are financial motives?
when an entrepreneur sets up a business for monetary reasons
what is profit maximisation?
a business objective to produce the maximum amount of profit possible
what is profit satisficing?
Profit satisficing is a concept in economics where a company aims to achieve a satisfactory level of profit rather than maximizing profit.
what are non financial motives?
when an entrepreneur sets up a business for non monetary reasons
what are the entrepreneurial characteristics
hard working
determined
resilient
self motivated
creative
calculated risk taker
enthusiastic
decisive
visionary
what are the entrepreneurial skills?
communication
team working
problem solving
organisation
numeracy
IT
what are financial motives?
profit maximisation
profit satisficing
what are non financial motives?
ethical stance
social entrepreneurship
independence
homeworking