Discuss the entrepreneurial skills and characteristics you would associate with entrepreneurs like Maria and David - Leaving Cert Business - Question (A) - 2021
Question (A)
Discuss the entrepreneurial skills and characteristics you would associate with entrepreneurs like Maria and David.
Maria Flynn and her husband David are potato far... show full transcript
Worked Solution & Example Answer:Discuss the entrepreneurial skills and characteristics you would associate with entrepreneurs like Maria and David - Leaving Cert Business - Question (A) - 2021
Step 1
Risk Taking
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Answer
Entrepreneurs take personal and financial risks. Maria and David invest time and resources into their venture, which involves making strategic decisions about expanding their business and potentially borrowing finance.
Step 2
Innovative/Creative
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Answer
Entrepreneurs need to think outside the box to improve their offerings. Maria and David have developed unique ways of marketing their Purple Violetta Potatoes to attract consumers.
Step 3
Decisive/Decision Making
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It’s crucial for entrepreneurs to make timely decisions. Maria and David have learned to consult stakeholders and weigh the pros and cons when making critical decisions for their business.
Step 4
Resilient
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Resilience is essential for overcoming setbacks. Maria and David have encountered challenges but have learned to be willing to tackle these difficulties head-on.
Step 5
Confident
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Confidence in their venture is vital. Maria and David believe in the potential success of their Purple Violetta Potatoes, which drives them to persist in their efforts.
Step 6
Flexible
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Adaptability is key for entrepreneurs. They have been able to pivot and adjust to market demands, changing from traditional potatoes to focusing on specialty varieties.
Step 7
Future Focused
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Successful entrepreneurs look ahead and strategize. Maria and David consistently plan to stay ahead of competitors and identify market opportunities.
Step 8
Proactive/Initiative
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Taking the initiative is crucial in entrepreneurship. Maria and David actively sought out the opportunity to create a market for their speciality potatoes, showing they know how to get things done.
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