Outline three entrepreneurial characteristics/skills displayed by Paul - Leaving Cert Business - Question A - 2017
Question A
Outline three entrepreneurial characteristics/skills displayed by Paul.
(15 marks)
Worked Solution & Example Answer:Outline three entrepreneurial characteristics/skills displayed by Paul - Leaving Cert Business - Question A - 2017
Step 1
Innovative/Creative - Paul has come up with new ideas.
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Answer
Paul demonstrated creativity by ideating a service that organizes travel and accommodation for sports fans, which showcases innovation in recognizing a market opportunity.
Step 2
Risk taker - Paul has taken a personal and financial risk.
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Paul resigned from his job to pursue setting up a new business, showing a willingness to take significant personal and financial risks to realize his vision.
Step 3
Proactive - Paul decided to do things himself when he saw the opportunity.
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Answer
His proactive nature is evident as he took initiative by hiring a team and assigning responsibilities, rather than waiting for others to act, which is crucial for an entrepreneur.
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