AI ASSIGNMENT

LISTING THE ENTREPRENEURIAL QUALITIES WITH STRENGTH AND

WEAKNESS
 QUALITIES WITH STRENGTH

1. They’re Innovative
Most entrepreneurs think that their ideas are innovative when they start their business,
but whether or not they truly are will dictate the long term success or failure of their
business. One of the biggest barriers to innovation is the refusal to acknowledge that
your idea is already out there – and possibly being done better by someone else. True
innovation comes from taking the kernel of your idea and standing it up against your
competitors to see if if can really give them a run for their money.
2. They Aren’t Afraid to Take a Chance
Being an entrepreneur is not for the faint of heart, but the “if
you build it they will come” mentality doesn’t always work
either. It takes a balance of solid planning and research to
justify making those leaps of faith.
3. The Willing to Work Hard
Some people become entrepreneurs because they think that
being your own boss means being able to do whatever you
want – think again. While technically you can do whatever
you want when you own your own business, to be successful
you need to want to work hard to do the things required to
grow your business. There is no quick fix for business success
and overnight success is usually the result of a lot of sleepless
nights.
4. They Know How to Manage Money and People
Some entrepreneurs try to spend money to grow their business,
others try to hire people, still others do both – most do it poorly.
Spending too much on the wrong things and not enough on the
right ones will sink your business (and potentially your
relationships if one of your spends involves hiring a friend or
family member). Do whatever it takes to get the people and money
expertise you need to make the right decisions in these areas.
 QUALITIES WITH WEAKNESS

1. Bad Time Management

Working 14 hours a day is not such a great idea. Doesn’t mean you get more things
done. Different people are productive at different times of the day, also some time
management techniques work for some people and not so much for others. But if you
work more than 8-9 hours a day, consider changing some habits.
2. Hesitance to Delegation
When you start a business and you have not worked for any
multinational company as a manager of a team, it is very common
that you would be hesitant to delegate work to others. But unless
you want to be a one man orchestra you will have to get over it.
3. Being all over the place
Having a lot of ideas is great! But don’t try to implement
them all at a time. It will most probably be a disaster.
Focus on 3-4 important things and chase them over. Then
go back, analyze, get rid of what was not working, add
something new..
4. Bad Administration skills
I strongly recommend that you hire an accountant from the
very beginning because administration most probably is
something on the very back of your mind. Also software can
help, there are many apps out there to help you keep track on
invoicing, taxes and all these things you hate.
THANK YOU !
DONE BY : SRIHARIHARAN.G

XC16

AMJS