Addressing a Personal Challenge: Business Thinking Overview

Addressing a Personal Challenge: Business Thinking Overview
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Lerner and Geldhof’s article, How to Recognize a Budding Entrepreneur; New Research Identifies the Four Qualities that Founders-to-be Have in Common describes the personalities that define a young entrepreneur (Geldhof & Lerner, 2015). Determining the characteristics of a youthful entrepreneur has been an issue of enormous concern to educators, parents, and the upcoming entrepreneurs too as all of them are eager to understand what strengths were a vital foundation for a business career. According to the text, studies conducted among the youth to determine their career goals and personal traits demonstrated that the essential characteristics typical of entrepreneur-wannabes include: availability of mentors, the desire to take the initiative, self-control, and innovative thinking (Geldhof & Lerner, 2015). Other common traits included closeness to pros, an eye for entrepreneurship, control, and drive, and the creative advantage.
According to the multimedia file, most service businesses have collapsed within nine months into the company due to poor personal traits (“Considering Opening the Business”, 2018). Qualities such as robust people skills, creativity, competitiveness, open-mindedness, confidence, and discipline are vital for deciding whether or not one should open a business. Therefore, it is crucial, as an entrepreneur to consider all personal qualities …