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An entrepreneur is someone who sees problems as opportunities and transforms opportunities as profitable activities.
Opportunity-seeking
The entrepreneur must stand firm and take action if the business encounters challenges and obstacles.
Persistence
An entrepreneur who excels in performing a specific job and aims to give what is best and being promised to the potential customers.
Fulfilling Commitments
This has something to do in setting time and quality standards on a specific task.
Demand for Quality and Efficiency
Entrepreneurs must be aware of the potential risk in the chosen business venture.
Risk-taking
When generating business, an entrepreneur must set meaningful and measurable short-term objectives.
Goal-seeking
In setting up a business, an entrepreneur must gather data about potential clients, suppliers, opportunities, and competitors in order to make the products or services marketable.
Information-seeking
The entrepreneur must provide step-by-step procedures in achieving the business goals, and consistently monitor the state of the business in order to solve issues immediately and take actions if necessary.
Systematic Planning and Monitoring
The success of the business sometimes depends on how the entrepreneur persuades and expands his/her network.
Persuasion and Networking
The entrepreneur must take full responsibility in achieving the goals of the chosen business.
Independence and Self-confidence
It is used in analyzing the products, services, and markets of an organization to determine the best way to achieve future growth.
SWOT Analysis
These are the positive features of an organization or business idea which will help in achieving the objectives and be an advantage over similar business ventures.
Strengths
These are the obstacles that you might encounter in running your own business.
Threats
These include interesting trends, possible investors and good opportunities for your business idea.
Opportunities
These are the hindrances in achieving business objectives.
Weaknesses
These are the factors that you can control.
Strengths and Weaknesses
