Index

1. Introduction ........................................................................................................................ 2

2. Definition of an Entrepreneur ............................................................................................. 3

3. Characteristics and skills of an entrepreneur ...................................................................... 3

4. Entrepreurial action ............................................................................................................ 5

5. Conclusion .......................................................................................................................... 6
 1. Introduction

The present work intends to make an approach on the entrepreneur. In particular of the sub-
themes that comprise, definition of an entrepreneur, characteristics and skills of an entrepreneur
and entrepreurial action.

General objective: to approach the entrepreneur clearly and objectively.

Specific objective: to demonstrate the actions, characteristics and abilities of an entrepreneur.

Methodology: In this study, we initially used the research in bibliographic sources, through the
search for documents that dealt with the theme in an explanatory way. In the case of theoretical
reflection, these documents are basically texts: articles, books, etc.

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 2. Definition of an Entrepreneur

A person who organizes and operates a business or businesses, taking on greater than normal
financial risks in order to do so. The entrepreneur is commonly seen as an innovator, a source
of new ideas, good services and business/procedures.

What does it take to be an Entrepreneur?

Being an entrepreneur is a high-risk project, but if you succeed, the rewards will be very
rewarding. Therefore, to be an entrepreneur is necessary:

 Have a great idea (if you have a great idea, it will be important to evaluate if it is a
realistic idea. Think about cost, manufacturing time, and popularity);
 Write a business plan (include details and descriptions as well as all the steps of the
plan realistically and use all the time required to evaluate the product in each session);
 If you prefer, you can start working without writing a business plan (creating a
business plan is a work of imagination and projection of what might happen in the
future. However, many things can end up changing over time and you need to be
innovative enough to find the solutions to the new challenges);
 Search for investors (if you have a good idea, investors will like to inject money into
your company);
 Sell (do everything you can to sell and distribute the product and you will be testing
theories about the market);
 Contact business partners (by socializing with other business owners, you will get
important contacts and be informed about the opportunities they are appearing).

3. Characteristics and skills of an entrepreneur

The Characteristics of a successful entrepreneur

The following “characteristics” are important to the success of any entrepreneur, the most
common being:

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  Self-confidence – (believes in yourself so you risk more and are more apt to perform
challenging tasks).
 Leadership and dynamism – (inside and outside the company, the businessman makes
contracts with customers, suppliers and employees. Thus, leadership has to be a quality
that is always present in the entrepreneur).
 Flexibility – (this is the entrepreneur must be able to adapt to the circumstances that
surround him, because if something runs different than planned, he should not give up,
but rather change his plans in order to adapt them to the current circumstances).
 Ability to organize – (the entrepreneur must have a sense of organization and ability to
use material, human and financial resources in a harmonious and rational way, because
the organization saves time and money and facilitates work).
 Creativity – (before describing this characteristic, it should be pointed out that creativity
only emerges in an environment of freedom in which one can miss. The entrepreneur
must be very creative).

The skills required to be a successful entrepreneur

The skills required are:

 Know how to sell - (without sales, there is no company. Selling means exposing
yourself, setting prices, negotiating, giving discounts, establishing value).
 Have strong self-esteem – (you need to believe in yourself and your ideas, but at the
limit of not being stubborn and uncompromising).
 Know how to control – (a company will have the size of the limit that its leader is able
to control. Controlling presupposes the ability to establish criteria and protocols and,
above all, to develop the pleasure of hearing legal and financial details).
 Assemble a reliable team – (find and trust people who are different from him and who
have complementary competencies and preferences. No one is successful alone.
Success always comes in two or more people.).
 View market signals – (everything is preceded by weak signals, events and anticipatory
events. The good entrepreneur is one who can see these signs and, from them, can
evaluate and predict what will happen).

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 4. Entrepreurial action

Entrepreneurial action is related to the attitudes of doing something that can generate good
results and according market opportunities. Entrepreneurial action can be a good start in putting
ideas into practice that deserve a lot of energy to come true.

What action does an entrepreneur perform

The entrepreneur performs several actions, which may benefit in the future. To achieve these
benefits he must have, entrepreneurial action to buy, entrepreneurial action to produce,
entrepreneurial action to sell and entrepreneurial action of profit.

Entrepreneurial action of buying

Stock buying is one of the traditional ways of investing. Is a form of lucrative investment, the
entrepreneur must study before venturing into that market.

Entrepreneurial action of producing

The entrepreneur having the action of producing incremental innovations through the provision
of new services or through the acquisition of new managerial resources or through
administrative changes.

Entrepreneurial action of selling

In order to have a successful entrepreneurial action in this stage of the sales cycle, you need to
have an interest and show ideas about your product. It is necessary to put certain tools and
methodologies that can aid in sales, such as marketing

Entrepreneurial action of making a profit

The entrepreneur seeks to overcome poverty, environmental problems (such as garbage) and
social problems (such as health, education, leisure, social inequality and access to technology).
Therefore, the entrepreneur when he acts in society, they receive the reward with considerable
profitability.

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 5. Conclusion

At the end of the paper, we conclude that entrepreneur is a person who organizes and operates
a business or businesses, taking on greater than normal financial risks in order to do so. The
entrepreneur is commonly seen as an innovator, a source of new ideas, good services.

The characteristics are important to the success of any entrepreneur, the most common being:
Self-confidence – (believes in yourself so you risk more and are more apt to perform
challenging tasks).
Leadership and dynamism – (inside and outside the company, the businessman makes contracts
with customers, suppliers and employees. Thus, leadership has to be a quality that is always
present in the entrepreneur).

Ability to organize – (the entrepreneur must have a sense of organization and ability to use
material, human and financial resources in a harmonious and rational way, because the
organization saves time and money and facilitates work).

Creativity – (before describing this characteristic, it should be pointed out that creativity only
emerges in an environment of freedom in which one can miss).

The skills required are: Know how to sell - (without sales, there is no company. Selling means
exposing yourself, setting prices, negotiating, giving discounts, establishing value).

Have strong self-esteem – (you need to believe in yourself and your ideas, but at the limit of
not being stubborn and uncompromising).

Know how to control – (a company will have the size of the limit that its leader is able to
control).

Assemble a reliable team – (find and trust people who are different from him and who have
complementary competencies and preferences).
View market signals – (everything is preceded by weak signals, events and anticipatory events).
Humble – (be humble in the sense that even if you already have some experience as an
entrepreneur, but be aware that you do not know everything, and will have to seek the answers
to your business problems).
The role of the entrepreneur of modern society must be attentive to the demands of the market
to become a true powerhouse of ideas, because in this way entrepreneurship can contribute to
the wealth of a country.

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Being an entrepreneur has its advantages, some of them are, passion for what it does, stability
and profits

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