Define the term entrepreneur and explain four characteristics of a good entrepreneur.

Here are the answers to the questions from the image:

QUESTION 1:

a) Define the term entrepreneur.
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. They are often seen as innovators, sources of new ideas, goods, services, and business procedures.

b) Explain four characteristics of a good entrepreneur.

1. Visionary: A good entrepreneur has a clear vision for their business and the ability to foresee future trends and opportunities.
2. Risk-taker: They are willing to take calculated risks, understanding that business involves uncertainty but also potential for high rewards.
3. Resilient: They possess the ability to overcome