Question

Allen (2020) advised that individuals should assess their personality and business preferences as these may serve as barriers to becoming an entrepreneur.

write a brief essay (300 words or less) describing the factors that may arise from such an assessment and identifying skills or traits that may be developed by an individual to help overcome any such barrier. You may supplement your answer using outside sources.

Answer 1

Nowdays most of the people want to be a successful entrepreneur. But not all the people succeed in the entrepreneurship. There are certain reasons behind from this, let’s see the important Barriers below.

1. Fear of Failure

2. Lack of technical expertise

3. RISK Avoidance

4. Lack of financial support

It was important to overcome these barriers in order to be a successful entrepreneur. Let’s identify the skills or traits that make individuals overcome from these Barriers.

1. Courage to Take Challenge

2. Self confidence

3. Improve technical and leadership skills

4. Ready to face criticism and have a positive attitude

1. Courage to Take Challenge:

Building a new business is a big challenge .However who is ready to take that challenge will be successful in the entrepreneurship area.Not all the people successful entrepreneur like a bill gates, Steve job. These peoples are successful in their professions because they have courage to take any Risk. This is important for any entrepreneur.

2. Self confidence:

“I can” and” I can’t” ,From these two words which one is looks sound. Of course yes, “I can”. So this matters in entrepreneurship as well. You should be very confident about the building a new setup to become successful entrepreneur and always Say I can.

3. Improve technical and leadership skills

Sometimes people have courage also they are confident about that they will become a successful entrepreneur. But lack of technical knowledge, expertise on the product or business and lack of Leadership skills will leads to failure in entrepreneurship. So it’s important to have a clear study about the business and improve on the required skills to become an entrepreneur

4. Ready to face criticism and have a positive attitude

Some people always will you say like “don’t take risk; you will face the problem “.Also they may criticize you because of risk taking ability. Stay away from these people or ignore these words. Say within yourself you can and you will do. Have a positive thinking always will help you to reach on top your profession.

Risk and challenges are part of all people life. We need to take have a courage and confidence with clear technical knowledge will make you to reach top on the business world.