Entrepreneural motives & characteristics - Topic 20

• characteristics

  • passion
  • determination
  • market understanding
• risk-taking

  • calculating pay-offs
  • intuition
• skills

  • financial
  • problem solving
  • networking
• non-financial motives

  • control
  • challenge
  • independence
  • home working
• financial motives

  • profit maximisation
  • profit satisficing
• characteristics of entrepreneurs

  • self-confidence
  • self-determination
  • being a self-starter
  • judgement
  • commitment
  • perserverance
  • initiative
• skills required by entrepreneurs

  • organising
  • financial management
  • communcation
  • managing people
  • decision making
  • negotiating
  • IT skills