Qualities of an Entrepreneur (Grade 11 NSC Matric Business Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Definition of entrepreneur
Definition of entrepreneur
Individual who transforms creative ideas into working businesses
Type of risks entrepreneurs take
Type of risks entrepreneurs take
Calculated, well-considered risks (not reckless)
Why entrepreneurs desire responsibility
Why entrepreneurs desire responsibility
Need to prove themselves & control their decisions
Energy level needed for entrepreneurship
Energy level needed for entrepreneurship
High physical energy & mental commitment for long hours
Vision quality in entrepreneurs
Vision quality in entrepreneurs
Clear understanding of business direction & future goals
Confidence in entrepreneurship
Confidence in entrepreneurship
Strong self-belief in ability to succeed
Flexibility in entrepreneurs
Flexibility in entrepreneurs
Adaptable to changes, admit mistakes, learn from them
Recognising opportunities skill
Recognising opportunities skill
Identify market gaps & unmet customer needs
Perseverance definition for entrepreneurs
Perseverance definition for entrepreneurs
Continue working towards goals despite failures & setbacks
Product & customer focus trait
Product & customer focus trait
Make lives easier, understand customer needs & wants