Essay on Entrepreneurial Traits: Bare Escentuals and Business Concepts

This essay provides an in-depth analysis of entrepreneurial traits, using the CEO of Bare Escentuals as a case study to distinguish between entrepreneurs and small business owners. The essay explores the entrepreneurial traits demonstrated by Leslie Blodgett, the CEO of Bare Escentuals, and categorizes them within the four categories of entrepreneurs: Fabian, Imitative, Innovative, and Drone. It examines the company's contribution to economic growth, particularly in the 1990s, and identifies the factors of production that influenced its products and services, including pricing, distribution, promotion, skilled labor, and packaging. The essay concludes by emphasizing the differences between entrepreneurial ventures and small businesses, highlighting the significant economic impact and innovative nature of Bare Escentuals' business model.