Edexcel-entrepeneur To Leader

Question 1

Entrepreneur

Answer 1

A person who starts a new business

Question 2

Entrepreneur characteristics

Answer 2

Confidence
Idea generator
Persuasive

Question 3

Entrepreneur financial motives

Answer 3

Long term profits
Earn substantial rewards
Satisfactory standard of living

Question 4

Entrepreneur non financial

Answer 4

More control over work life
Flexible working
Pursuing an interest or hobby

Question 5

Social enterprise

Answer 5

Trade in goods or services for social purposes

Question 6

Disadvantages of being an entrepreneur

Answer 6

Loneliness
Financial pressure
Hard work

Question 7

Moving from entrepreneur to leader

Answer 7

Number of employees
Amount of customers
Quantity of resources

Question 8

Changes which take place entrepreneur

Answer 8

Formality
Shared ownership
Greater responsibility to others

Question 9

Difficulties

Answer 9

Adapting mindset
Stress
Lack of leadership

Question 10

How to overcome difficulties

Answer 10

Delegation and trust
Respect
Education