Describe a business person you either work with, or who owns a small business in which...

Describe a business person you either work with, or who owns a small business in which you are familiar with in your location. Define them as having entrepreneurship characteristics/traits which allows you to define them as having an entrepreneur mindset and behaviors.

Expert Solution

Entrepreneur refers to a person who has starts his own business and has the ability to take risks.An entrepreneurship example in my area is a small fast food restaurant in my area. Its a food van recently placed in my area. Some of the characteristics that allows them to define entrepreneur are as follows:

1. Ability to take risks- The food van introduced in my area has been taking risks and this was also a risky venture because of many fast food chains in my area and since then the van was introduced. It has expanded its chain significantly since then and has a great ability to take risks.

2. Innovations- The van has not only innovated in terms of the variety of the foods offered but also with the flavors of each variety which has differentiated the firm with another fast food chains in the area.

3. Visionary - The owner is visionary and has a clear cut vision in his mind regarding his future goals and objectives.

4. Leadership - The owner has great leadership skills and provides all the directions to the members and the staff very clearly.

Thus, the above traits indicate an entrepreneurship mindset and behavior.

Rahul Sunny answered 1 year ago

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