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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Editor : Molly Lavik (Vatel International Business School Los Angeles, USA)

Entrepreneur assessment survey

Directions: Please circle your personal response to each question. Please be sure to go with the answer that is your first choice if and when you are in doubt of how to respond.

  1. Do you have an issue that is a major driving force behind your professional goals in life?
    Yes Undecided No
  2. Would you describe yourself as the type of person who gives up easily when faced with adversity?
    Yes Undecided No
  3. Do people who have known you since childhood describe you as the type of person who gives up easily when faced with adversity?
    Yes Undecided No
  4. Have you been successful in the past convincing others to help you to accomplish your goals?
    Yes Undecided No
  5. Do you have a desire to make the world a better place that is a stronger goal for you then your desire to earn money?
    Yes Undecided No
  6. Have you considered becoming an entrepreneur?
    Yes Undecided No
  7. Have you spent a substantial amount of time in your life considering what type of legacy you would like to leave?
    Yes Undecided No
  8. When trying to raise support for an idea, do you ever start by identifying people to form alliances with who may be sympathetic to your goal?
    Yes Undecided No
  9. If you were busy with a deadline for work and or school would you miss completing this deadline on time because you gave your own new venture/start up/new product idea a higher priority?
    Yes Undecided No
  10. Will you use your score on this test to ultimately help determine if you should become an entrepreneur?
    Yes Undecided No
  11. How many of the entrepreneurial mindset characteristics do you possess? Give yourself 1 point for each of the characteristics you possess from the list below.
    Yes Undecided No

Total Score for characteristics:

Some key characteristics of an entrepreneurial mindset

In [link] some characteristics of an entrepreneurial mindset were shared; here are additional characteristics and or similar characteristics to also consider.

Mentor Method 2

Humanitarian
Worth 1 Point
Add 1 Point
Organizing movements that can take many forms including campaigns, drives, grassroots or net roots movements, lobbying, and/or crusades for the express purpose of providing altruistic or charitable support.
Visionary
Worth 1 Point
Add 1 Point
Possessing the ability to potentially define the future by making bold unsubstantiated predictions for new enterprises while utilizing a great deal of imagination and foresight in the process.
Values-centered
Worth 1 Point
Add 1 Point
Demonstrating worthwhile qualities of leadership that are lawful, ethical, considerate, and honest in nature and intent.
Change-oriented
Worth 1 Point
Add 1 Point
Adopting a leadership style that attempts to transform the status quo by creating a new method, process or invention for accomplishing tasks.
Self-reliant
Worth 1 Point
Add 1 Point
Depending on yourself to develop solutions for the problem or challenge at hand.
Persuasive
Worth 1 Point
Add 1 Point
Able to convince others that the new organizations’ mission and goals are viable and should be adopted and supported.
Hyper-focused
Worth 1 Point
Add 1 Point
Maintaining uninterrupted attention and concentration directed at implementing the enterprise’s mission.
Passion
Worth 1 Point
Add 1 Point
Having a tremendous amount of enthusiasm and excitement over the mission and goals of the new organization.
Energetic
Worth 1 Point
Add 1 Point
Demonstrating an infinite amount of drive and an enterprising nature toward accomplishing an organization’s objectives.
When starting a new organization especially when starting a social enterprise, it requires a great deal of energy and drive to accomplish all the objectives especially given that social enterprises usually require volunteer staff and unpaid staff for resourcefulness that goes far beyond the standard needs of a traditional, long-established company.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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