Entrepreneurship: Characteristics for Strong and Weak Entrepreneurial Skills

Running head: Entrepreneurship 1
Entrepreneurship
Student’s Name
University
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Date

Entrepreneurship 2
Table of Contents
Introduction....................................................................................................................................3
Characteristics for Strong Entrepreneurial skills......................................................................3
Weak Characteristics Hindering Entrepreneurial Skills...........................................................5
Importance of self-development...................................................................................................6
Conclusion......................................................................................................................................6

Entrepreneurship 3
Introduction
Entrepreneurship is the process of filling gaps in the market. Many opportunities are
existing in the marketplace, and they need to be utilized by opening new ventures and offering
service and products to the consumers. Innovation and creativity are required to fill these gaps
using entrepreneurial skills. New ideas are very important in the market since it enhances the
provision of unique products which satisfied the customer’s needs in a different way. An
individual known as an entrepreneur is the one who is responsible for developing and
implementing all these new ideas in the market (Fitriyadi, A'inurrosyidah and Djati, 2018). An
entrepreneur is a very important person in the community and in the economy of the country.
This is because when a new venture is established there is a big possibility of it to grow and
create job employment for others in society.
When the entrepreneur establishes a new venture, he/she is required to exploit some
characters for the venture to be successful. Success or failure of a new or existing venture is
always contributed by a several and different personal traits of an entrepreneur. These key
characteristics are like personal traits, trained and educative traits and acquired traits from the
environment. In this paper I am going to express my personal characteristics which will make my
new venture to be successful in the market (Bernal and Liñán, 2018). This will be the strongest
part of my entrepreneurial skills. Also, I will handle the weakness side which can hinder the
growth of the venture from my personal trait. The first area to handle will be key personal
characteristics which will make the venture to be successes and grow.
Characteristics for Strong Entrepreneurial skills
Personal characteristics are very important in managing new or existing venture in the
market. The following are some of the personal traits one can express for the success of the