Question

What are the 10 traits of an entrepreneur? Describe each trait in detail.

- Name the top 5 tourism businesses (not industries) in British Columbia.

Answer 1

10 traits of an entrepreneur:

1. Business discipline and focus: any entrepreneur needs to be focused on making their business I should not allow any distractions or hindrance to their goals while getting business work done. Discipline and focus is the main characteristic of any successful entrepreneur. The must be disciplined enough to take steps every day towards the goals and reach their objectives with Full focus.

2. Confidence: any business has many risks and rewards attached to it. Entrepreneurs need to believe that they can achieve it and should not ask questions about whether they can succeed or not. The mast on confidence with the tacit and explicit knowledge they have that will make their business goals achieve faster.

3. Creative thinking and open mind: Anni prisons entrepreneur cannot succeed with not having an open-minded attitude towards various situations and events. Lots of business opportunities in ideas constantly being generated in the industry and entrepreneur need to be open minded to realise those opportunities and grab them and make the best out of them creatively.

4. Self starter: any friend knows that they are the leaders and they need to be facing the events themselves first and then afterwards delicate it to managers. They know that they have to start first for anything to be done in the business and then ensure that projects follow that part. They must be proactive and reactive waiting for someone to give them permission.

5. Determination: every business goes to ups and downs in various situations. Must be determined enough to go through these difficult times and to be a survivor and also enjoy their good time with full determination towards their goals.

6. Competitive: an entrepreneur is that they have to be created enough to be in the competition and not be lethargic and let their competitors go ahead of them without even trying. An entertainer should know that they can do things better than others and be competitive and perform in order to win in the field of business.

7. Independent: independency means being able to take decisions and risks by their own and does not necessarily means to work alone. Finance comes from the confidence and the trainer has and they must know that they will make the best decisions for their business.

8. Knowledge seeker: an entrepreneur is someone who never stops learning, he always learn something from every person they see and they are around. They are certainly not the full board but the empty bol to always learn new things seek knowledge in the field of business to increase their business opportunities.

9. Stronger work ethics developer: an entrepreneur knows that they can not alone be doing work for the whole business. He need to develop strong work ethics involvement in order to gain maximum benefit from his employees. He will certainly be the first person to arrive in the office and the last person to leave. This builds up image of the work ethics to be strong and employees work accordingly.

10. Risk taker: he must be ready to take risks and not procrastinate the decisions. A successful entrepreneur always makes quick decisions based on the information and knowledge they have and the not procrastinate and take risks in the field of business.