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Identify and explain two attributes, skills or behaviours that are characteristic of a successful entrepreneur

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Identify and explain two attributes, skills or behaviours that are characteristic of a successful entrepreneur

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Solution

  1. Risk-Taking: One of the key attributes of a successful entrepreneur is the willingness to take risks. This doesn't mean they jump into every opportunity without thought, but rather they are willing to push boundaries and step out of their comfort zone to achieve their goals. They understand that every business venture comes with a certain amount of risk and they are not afraid to face it. They also have the ability to assess and manage these risks effectively.

  2. Resilience: Entrepreneurship is a journey filled with ups and downs. Therefore, resilience is a crucial characteristic for any successful entrepreneur. They are able to bounce back from failures and setbacks, learn from their mistakes, and use these experiences to improve their strategies and plans. They don't let failures discourage them, but rather see them as opportunities for growth and learning.

These are just two of many attributes, skills or behaviours that are characteristic of a successful entrepreneur. Other important ones could include creativity, leadership, passion, flexibility, and a strong work ethic.

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