Question

In: Accounting

Saul Mousavi worked long hours to rise to the level of middle manager at inkspot, a...

Saul Mousavi worked long hours to rise to the level of middle manager at inkspot, a print vendor servicing the needs of big local clients, including advertising agencies and colleges. But now that he has started his own print shop, Papyrus Group, he has decided to take it easy and let the business run itself. Mousavi is an example of someone who lacks or needs to strengthen which of the following psychological characteristics of the entrepreneur

Solutions

Expert Solution

Some of the pshycological charecterisitics of an entrepreneur are:

  • Motivation
  • Passion
  • Discipline
  • Risk Taking Attitude
  • Creative thinking
  • Optimism
  • Flexibility etc.

Mousavi lacks the following pshycological entrepreneurship traits:

  1. Self Motivation: Although Mousavi had started his own print shop he lacks the motivation which is required to drive him to work consistently and effectively.
  2. Discpline: Mousavi who used to be quite disciplined and motivated while working as an employee in Inkspot, as an entrepreneur of Papyrus groups lacks the self discipline which is to be practiced to operate the business smoothly. Taking the matters of the business lightly is not gonna help the business reach heights.

In order to become a successful entrepreneur and to establish his business in the market Mousavi needs to strengthen some of these characters, stay motivated and look after the business with utmost care and discipline in this introductory phase of his business.

Once the business finds a stable position in the competitive market, he may delegate the responsibilities to his employees.





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