1. PFS3A01 compile by
N.L Mhlanga
Student no: 201205145
Learning area: Business studies Grade 11
Topic: Characteristics of an entrepreneur

2. ENTREPRENEURSHIP

3. What is Entrepreneurship?
Is the practice of starting a new
business or reviving an existing
organization. But decisions have to
be made before launching a new
enterprise

4. ADVANTAGES OF
ENTREPRENEURSHIP






Employment for near & dear ones
Prolonged career for next generation
Freedom to use own ideas – innovation & creativity
Self Employment
Unlimited income
Independence

6. Entrepreneur means someone who
owns a business who will make
decision, take action and think that
he can control his own destiny.
There are times that most of the
employees getting bored with their
work. That is why most of them
want to be their own boss.

7. Common Mistakes that an Entrepreneur Makes

8. All successful entrepreneurs share
a few qualities and skills that allow
them to be successful. These
inherent qualities can be taught; but
they often seem to be an inherent
driving force that sends individuals
down the path of being in business
or formally training to for a career in
business.

10. Here are some
characteristics of
a real
entrepreneur:

11. 1. Leadership. An entrepreneur is required
to have strong decision-making abilities and
be able to motivate people toward a common
goal.


12. 2. Self-motivated. Successful
entrepreneurs work tirelessly to resolve the
problems that confront them.


13. 3. Ethics and integrity. If you cannot
demonstrate that you have high integrity,
nobody will do business with you.


14. 4. Not afraid of failure. Successful
entrepreneurs must take risks in order to
obtain rewards.


15. 5. Innovative. Successful entrepreneurs are
always coming up with new ideas or working
to improve existing ones.


16. 6. Always learning. Entrepreneurs are not
afraid to ask questions when necessary.


17. 7. Competitive. Entrepreneurs enjoy a
challenge and like to win.


18. 8. A strong network of peers. The best
entrepreneurs understand that they cannot
succeed alone.


20. TYPES OF ENTREPRENEURIAL
ORGANISATION
Profit
Service
production
Non-profit
Local
Large scale
Provincial
International
Co-operatives
National

21. REFERENCES LIST
Limuelp, P.(2011). Entrepreneurship
Bhandari, A.(2013). Characteristics of an entrepreneur
Villadarez, G.(2012). Characteristics of A real entrepreneur
Leblanjo, L.(2013) .Characteristics of entrepreneurial ventures