Which of the Following Traits Would Tend to Prevent Entrepreneurs
Which of the following traits would tend to prevent entrepreneurs from establishing new firms?
a. Strong desire for achievement.
b. Strong locus of control.
c. Willingness to take risks and tolerate ambiguity.
d. The tendency to be a serial entrepreneur.
e. None of the above.
Innovation is at the heart of an entrepreneurial mindset and important to success. However, what if a person does not tend to be creative? Should that person not consider forming an SME? Are there approaches that one can follow which will likely enable such a person to be more innovative than would otherwise have been the case?
Suppose you have formed a company that is pursuing a product or service that is the current hot fad among investors and it appears that you could quickly enhance your personal wealth as well as quickly provide funds for your company through an IPO. It seems like an awesome opportunity. However, why might you wish to turn it down?
Suppose you are convinced that you have a product/service that has a huge overseas potential but your funds are very limited and you do not wish to seek partners, investors, or creditors to exploit the opportunity. What can you do?