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Discuss the entrepreneurial skills and characteristics you would associate with entrepreneurs like Maria and David - Leaving Cert Business - Question (A) - 2021

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Discuss the entrepreneurial skills and characteristics you would associate with entrepreneurs like Maria and David. Maria Flynn and her husband David are potato far... show full transcript

Worked Solution & Example Answer:Discuss the entrepreneurial skills and characteristics you would associate with entrepreneurs like Maria and David - Leaving Cert Business - Question (A) - 2021

Step 1

Risk Taking

96%

114 rated

Answer

Entrepreneurs take personal and financial risks. Maria and David invest time and resources into their venture, which involves making strategic decisions about expanding their business and potentially borrowing finance.

Step 2

Innovative/Creative

99%

104 rated

Answer

Entrepreneurs need to think outside the box to improve their offerings. Maria and David have developed unique ways of marketing their Purple Violetta Potatoes to attract consumers.

Step 3

Decisive/Decision Making

96%

101 rated

Answer

It’s crucial for entrepreneurs to make timely decisions. Maria and David have learned to consult stakeholders and weigh the pros and cons when making critical decisions for their business.

Step 4

Resilient

98%

120 rated

Answer

Resilience is essential for overcoming setbacks. Maria and David have encountered challenges but have learned to be willing to tackle these difficulties head-on.

Step 5

Confident

97%

117 rated

Answer

Confidence in their venture is vital. Maria and David believe in the potential success of their Purple Violetta Potatoes, which drives them to persist in their efforts.

Step 6

Flexible

97%

121 rated

Answer

Adaptability is key for entrepreneurs. They have been able to pivot and adjust to market demands, changing from traditional potatoes to focusing on specialty varieties.

Step 7

Future Focused

96%

114 rated

Answer

Successful entrepreneurs look ahead and strategize. Maria and David consistently plan to stay ahead of competitors and identify market opportunities.

Step 8

Proactive/Initiative

99%

104 rated

Answer

Taking the initiative is crucial in entrepreneurship. Maria and David actively sought out the opportunity to create a market for their speciality potatoes, showing they know how to get things done.

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