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Written Assignment (Unit 3) Entrepreneurship

This document provides details for the BUS 3303-01 Entrepreneurship course, including the course title, code, and instructor. The course is listed as Unit 3 and is instructed by Ernest McGachey.

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Anna Akolade
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127 views4 pages

Written Assignment (Unit 3) Entrepreneurship

This document provides details for the BUS 3303-01 Entrepreneurship course, including the course title, code, and instructor. The course is listed as Unit 3 and is instructed by Ernest McGachey.

Uploaded by

Anna Akolade
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COURSE TITLE

Entrepreneurship

COURSE CODE

BUS 3303-01

COURSE INSTRUCTOR

Ernest Mcgachey

UNIT

3
Question.

Based upon the readings for this week, which of the skills, traits or characteristics of

entrepreneurs do you think would be the most important to have? Research a successful

entrepreneur. Describe the entrepreneur’s type of innovation or business, what characteristics or

traits they have, how they got started, and what they did in order to become and remain

successful. This assignment should be at least 500 words in length.


Which of the skills, traits or characteristics of entrepreneurs do you think would be the

most important to have?

1. Creativity: an entrepreneur has to be creative, because this let’s them solve problems in

ways they can’t explain. Creative entrepreneurs are the real game changer they make the

world keep on waiting for them.

2. Self motivation: successful entrepreneur do not employ someone to motivate them.

Rather, they motivate themselves with whatever motivates them, because they have to.

3. Resilient: in entrepreneurship failure is inevitable. Even the most popular business

moguls know this and they too also go through this every now and then. An entrepreneur

learns from their failures and answers the question that made them fail so that they can

succeed the next time they try.

4. Time management: an entrepreneur that wants to succeed has to know that time is money.

From the preparation of goals, to setting and implementing it, every step has to be

precise. All of these requires time management.

5. Risk taking: entrepreneurship is a risky route. An entrepreneur needs to know how to take

risks. Entrepreneurs need to be ready for two scenarios (good or bad) when they launch a

product or service.

Describe the entrepreneur’s type of innovation or business, what characteristics or traits

they have, how they got started, and what they did in order to become and remain

successful.

Jeff Bezos is an iconic entrepreneur. One of the most successful entrepreneurs, best known as the

founder of Amazon, a global shipping mall and internet corporation.


Description of the type of business.

“Amazon.com is an American tech multinational whose business interests include e-commerce,

cloud, computing, digital streaming, and artificial intelligence. A fortune 100 mainstay.

Amazon.com is also one of the Big Five, or the five largest and most dominant technology

companies in the U.S.” (fortune, n.d).

Entrepreneurial traits.

Jeff Bezos is an innovative, creative, determined and hardworking person. Before Amazon

became all it is now, he started it as an online bookstore right from his garage and while he had

that going on for him, he was still thinking of ways to expand his business to something bigger.

He was determined to achieve his goals

How he started and what he did in order to become and remain successful.

Amazon was first an online book store that enabled people the opportunity to learn. Jeff’s

passion was solving people’s problems, and he had done an excellent research. He wanted to

start an online shopping network and that’s what he tailored his research into.

However, as an entrepreneur Jeff was a continuous researcher on customer’s habit and peoples

internet habits. This data helped him start a management planning and marketing strategy that

would grow his company and his company is still successful because of their excellent customer

service.

Reference.

Fortune. (n.d). Amazon. https://fortune.com/company/amazon-com/#:

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