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STRENGTH

1. with business course degree

2. good in communication

3. industrious and hardworking

4. self-confident

WEAKNESSES

1. white collar job

2. lack on organization and unity

3. grab mentally

4. big profit or mark-up

5. luxurious life

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12y ago

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Continue Learning about Economics

Why does the economy need entrepreneurs?

We need entrepreneurs because they innovate, provide products and services, and create jobs.


Why do you have entrepreneurs?

In this capitalist world, we have entrepreneurs because there is a constant need for business innovation from people with great ideas who are willing to take a risk in building that idea into a reality.


What is a SWOT analysis and do you need one in your business plan?

A SWOT analysis is a tool that business planners use to gauge an organization and its environment. SWOT stands for strengths, weaknesses, opportunities and threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. To perform a SWOT analysis, consider the following: Strengths: What advantages do you have? What resources and contacts do you have access to? What recognitions have you received? What are your intangible assets? What do you do well? Weaknesses: What do you lack? What can be improved? What are some of the gaps that need to be addressed? What should be avoided? Opportunities: What specific opportunities are available to you to take advantage of? What are the opportunities facing your industry that you could possibly pursue? What are the trends that might open new opportunities? Threats: What obstacles do you face? What is your competition up to? Are the requirements for your company changing? Are you having any cash flow problems? Can any of these weaknesses seriously threaten the vitality and longevity of your business? Carrying out a SWOT analysis can be a real eye opener. Not only will it highlight what needs to be "fixed" or immediately addressed, it will also show you what you've been doing right. While it is not a necessity, consider performing one for inclusion in your business plan.


Why is there a need to assess one's personal entrepreneurial competencies in terms of characteristicsattributeslifestylesskills and traits before starting a particular business?

Assessing personal entrepreneurial competencies is crucial because it helps individuals understand their strengths and weaknesses, which can influence business success. By evaluating characteristics, attributes, lifestyles, skills, and traits, aspiring entrepreneurs can identify areas for improvement, align their business ideas with their capabilities, and make informed decisions. This self-awareness fosters better planning, risk management, and adaptability in the dynamic business environment. Ultimately, it increases the likelihood of achieving sustainable success in their ventures.


Why entrepreneurs need support?

Entrepreneurs need support to navigate the complex challenges of starting and growing a business, including access to funding, mentorship, and resources. Support systems can provide valuable expertise, networking opportunities, and emotional encouragement, helping entrepreneurs make informed decisions and avoid common pitfalls. Additionally, collaboration and community can foster innovation and resilience, ultimately increasing the chances of long-term success.

Related Questions

How do you describe your strengths and weaknesses?

To answer that, you need to know yourself. Be honest.


What is a good closing paragraph on my weaknesses and strength in writing?

You first write some of you strengths, you then write out your weaknesses, and then you counteract those weaknesses with your greatest strengths.


Why do you need to know your students background knowledge and experiences?

By understanding a students strengths and weaknesses, you can help them pursue the opportunities that lie out their for them, and help them deal with the treats that might interfere with them achieving their overall goals and objectives. The objective then is to maximize their strengths and opportunities while minimizing their weaknesses and threats.


What are the ways to capitalize your strengths?

Answer Lets say for instance, you have many strengths and within those strengths you can do many things. In being to do many things, it gives you more opportunity to get more jobs and do better in life than the average person who doesn't have your particular strenghts.


Why do you need to know your strengths and weakneses?

You need to know your strengths and weaknesses to prepare yourself for life. You won't be good at everything and you won't be bad at everything but knowing your strengths and weknesses will help you pick a job and interest you in different cultures and people. It will help you find your true love with similar interests. It will help you choose what to do in your down-time.


What are your strengths and weaknesses in institution?

my strengths and weaknesses in institution are having too many wheat thins, that's both a strength and a weakness cause you can never have too many wheat thins, but if you have too many than theres no place to put them all so you have to put some in the trash next to your sister who you don't need anymore


What were the strengths of Edgar?

To answer a question we need a who. We don’t know who Edgar you ask about.


What skills do leaders need?

Leaders in sports need to be able to treat players with respect. They should also have the ability to find the strengths and weaknesses of every player. Always instruct in a positive manner.


What strengths would you need to be a sports analyst?

You would need to really know the sport, be a good talker, and have a good personality. I know but what do they do?


Why does the economy need entrepreneurs?

We need entrepreneurs because they innovate, provide products and services, and create jobs.


Why do you need to know your physical capabilities and weaknesses?

So that you can improve your skills and bring out the best in you...


Interview questions What are your weaknesses and what are your strengths?

This can be a tricky question to deal with. In terms of strengths you want to show that you have the abilities needed for the job. In terms of weaknesses you want to show that you are honest enough to admit weakness (a person who says I have no weaknesses is not likely to be believed, and chances are if you are a paragon of perfection you wouldn't need to apply for a job, you would already be the owner of your own company, or would otherwise be a roaring success in some field) but you also want to convey that your weaknesses, whatever they may be, will not prevent you from doing the job for which you are applying. So choose your words carefully.