Analysis of Entrepreneurship Traits in Fairphone

Running head: ANALYSIS OF ENTREPRENEURSHIP TRAITS IN FAIRPHONE
ANALYSIS OF ENTREPRENEURSHIP TRAITS IN FAIRPHONE
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1ANALYSIS OF ENTREPRENEURSHIP TRAITS IN FAIRPHONE
Executive Summary
The purpose of the report is find out the common entrepreneurial traits which makes an
entrepreneur achieve success. The paper will discuss the ten core traits, which are important for
an entrepreneur in order to accomplish the company goals and strategies. The paper will also
highlight the challenges, which are faced by the social entrepreneurs. The paper will summarize
with the entrepreneur traits and challenges faced by the social entrepreneurs.
Introduction
Fairphone is a social enterprise company which are known for developing smart phones
having minimal impact in the environment. The company is headquartered in Amsterdam,
Netherland and is supported by a startup base in Waag Society which is a foundation which is
dedicated in experimenting and developing new technologies, art and culture. Fairphone
Company was formed to develop smart phones, which does not contain any conflict materials,
which helps people to use their phones for a longer period. Bas van Abel as a social enterprise
company founded the company in the year 2013. This report will first analyze the core traits,
which are found within the entrepreneurs. Furthermore these traits will be discussed and
analyzed by examining the actions of Bas van Abel.
Section 1. Examples of entrepreneurial traits
The core entrepreneurship traits, which are often founded in the successful entrepreneurs,
which have made them successful, are analyzed below:
 Passion – This is one of the most significant characteristics, which every entrepreneur has
for various reasons. Most of the entrepreneurs are successful in their career because they

2ANALYSIS OF ENTREPRENEURSHIP TRAITS IN FAIRPHONE
love what they do. These entrepreneurs are dedicated in putting all the extra hours of
work they have in their business in order to make the firm in achieving success and
flourish. Entrepreneurs are passionate when they are direct an investor in making funding
decisions with the company or when hiring new customers. Passion boosts their
confidence in their evaluation of business plans, management of teams and departments
in an organization. These types of people are always involved in researching and reading
things in order to find out strategies in how they can make the business run better
(Milanes 2018).
 Strong Work Ethics – Successful entrepreneurs are the first one to come to the office and
the last one to leave. In order to meet their expectations these people also ensure that they
are also working in their off days (Vedula and Kim 2018). The successful entrepreneurs
are someone who always have their mind in work even if they are not in their workplace.
 Determination – Successful entrepreneurs have an excellent communication skill in
selling the product to their customers and in motivating employees. They are never
impacted by the defeats of the encounters. Failures are just an opening to their success
stories, they try continuously until they achieve success (Erol and Aksoy 2018).
 Creativity – It is one of the important characteristics of an entrepreneur is their power of
finding a relationship between two unrelated situation. Intelligent entrepreneurs always
come up with creative solution to the problems. Entrepreneurs creates exciting job
opportunities by using their creative ideas (Tang, Byrge and Zhou 2018). Hence with
creativity and innovation entrepreneurs have immense potential in creating jobs.
 Strong people skills – Most of the successful entrepreneurs are known to have the power
to motivate the employees of the organization and see the business is growing in no time.