User:Iyah23/sandbox

The Ideal Entrepreneur

An Entrepreneur is a person who meets the needs of other people by fulfilling their demands for products and services. Some economists would also consider an entrepreneur as someone with the ability to innovate or improve on certain products or services to come up with something more marketable and consumable to other people. An entrepreneur plays an important role in society because he or she contributes to economic development by helping build business and industries. Like any other career or profession, one must possess not just the necessary knowledge and skills but also the correct attitude, values, and characteristics in order to be successful in this field.

The following are the aims of this topic: 1. Different types of Entrepreneur 2. Qualities of an Ideal Entrepreneur 3. The Buyer and the Seller

Qualities of an Ideal Entrepreneur According to Christine Miller in The Resourceful Entrepreneur, the following are the general types of entrepreneur:

The Social Entrepreneur This is the type of an entrepreneur who offers products and services with the overall intention of creating social good.

The Serial Entrepreneur This type of entrepreneur would set up businesses and bring them to a stage of development. The business is then sold or handed over to a successor or group of successors.

The Lifestyle Entrepreneur This type of entrepreneur would choose a business that would reflect their passion simply such as a hobby or favorite sports rather than pursuing profit.

The Solopreneur This type of entrepreneur operates alone and manages all aspects of the business, made possible with the use of ICT tools. ICT tools make multitasking easier.

QUALITIES OF AN IDEAL ENTREPRENEUR

Industrious An entrepreneur must display hardwork and perseverance in the face of challenges. Skills are utilized to diligently carry out tasks or make goods.

Innovative An entrepreneur must have the ability to envision future needs or demands and create new opportunities, products, and services to meet these demands.

Honest An entrepreneur does not engage in deceptive or fraudulent acts. He or She must display sincerity.

Persistent An entrepreneur does not easily give up or let go.

Caring An entrepreneur understands the feelings, concerns and needs not only of his or her customer but also of his or her workers.

THE BUYER AND THE SELLER The Buyer is the one who acquires possession or rights to the use or services in exchange of monetary fees. The Seller is the one who offers or owns the products or services in exchange of the payment.

An entrepreneur must have not just the knowledge and skill but also the proper values ad attitude. 1. Peralta, Gloria, et al. (2016). Life Skills through TLE Textbook. Quezon City, Philippines: Vibal Group, Inc.