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Assessment of Entrepreneurial Potential Essay Example

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Assessment of Entrepreneurial Potential

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Assessment of Entrepreneurial Potential. According to the framework, the basic entrepreneur is got from the focus, advantage, creativity and ego skills which are the basic factors a person should possess to be termed as an entrepreneur or not. When an individual is not able to portray these characters, then there are no entrepreneurial characteristics that are associated with the person. Team entrepreneurial scores shows that I am in line with both my basic and team score factors. This means that I should be able to maximize on my strengths in creating and maintaining effective teams that will work towards the success of my enterprise. This, according to my own audit means that I can be able cover for my weaknesses by use of this strength and find ways through which I can be able to stand on my own despite the weaknesses.

Social and basic entrepreneur scores which means that one can work with so much ease in a profit-oriented business and at the same time maintaining close social relationships with the workers and the community at large. For a business to be successful, one should consider the people who are close to the business besides focusing on the profits. This can be split into beliefs and values and the purpose that one holds for the business. My strength on the beliefs will stand to benefit the business especially if I believe in the professionalism and business ethics, which I do, as well as equality on all employees irrespective of what they believe in. According to the FACETS framework, basic and enabler entrepreneur ability helps one to choose others to be entrepreneurial or do it on his own. According to the SWOT analysis, this is a great opportunity that I have to improve myself and it is strength in its own. While am not exceptionally creative, I can deliver good results if I concentrate in what I am doing. This is evident from my creativity, advantage and focuses analysis which shows that my degree of focus was higher as compared to that of advantage and creativity. When I am focused, it means that I can take advantage of the opportunities that come my way and maximize on them thereby considering my strengths and getting the best from them at the expense. Assessment of Entrepreneurial Potential.

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