Pros And Cons Of Being An Entrepreneur

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IFA – MBA CFD: ENTREPRENEURSHIP & FINANCE Silvère Kembakou
1
UNIT 1: INTRODUCTION TO ENTREPRENEURSHIP
What is your understanding of being an Entrepreneur?
I. Being an Entrepreneur
1. What Entrepreneurs do:
- Entrepreneurs create businesses or own them.
- They develop their vision about their business and take decisions to achieve their goals.
- As they own their business, they control the money generated by their business.
- Entrepreneurs take risks, as they invest money and time in something that might not be successful.
- It is usually said that good entrepreneurs know how to measure their risks.
- Entrepreneurs find solutions.
2. Some key notions to deal with as an entrepreneur:
>Vision
>Money
>Risks
>Problems
>Success
>Failure
3. Pros and Cons of being an entrepreneur:
Pros:
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Characteristics of Successful Entrepreneurs
1. Personality traits:
Courage
Creativity
Curiosity
Determination
Discipline
Empathy
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