1.5.1
Roles of an entrepreneur
Creating, running and developing a business, intrapreneurship, barriers to entrepreneurship, and anticipating risk and uncertainty.
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Topic 1.5
Entrepreneurs and leaders
Understand what entrepreneurs do and why they start businesses. Explore their roles, characteristics, skills and motives, alongside the barriers, risks and uncertainty they face. Compare the objectives a business may pursue as it develops.
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0 of 8 lessons complete. Only Secure and Mastered lessons count towards this total.
11 min
1.5.2
Entrepreneurial motives and characteristics
Entrepreneurial characteristics and skills, and the financial and non-financial motives for starting a business.
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1.5.3
Business objectives
Survival, profit maximisation, sales maximisation, market share, cost efficiency, employee welfare, customer satisfaction and social objectives.
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1.5.4
Forms of business
Sole traders, partnerships and private limited companies, PLCs and stock market flotation, and franchising, social enterprises, lifestyle and online businesses.
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1.5.5
Business choices
Opportunity cost and the trade-offs created when a business chooses between competing uses of scarce resources.
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1.5.6
Moving from entrepreneur to leader
Why the founder's role changes as a business grows, and the difficulties of delegation, trust, listening, open-mindedness and emotional intelligence.
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