Question on business and young entrepreneurs

Jun 16th, 2016
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In these modern times, what business acumen/characteristics are important for young entrepreneurs to have? Give three and explain why.

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Running head: ENTREPRENEURIAL CHARACTERISTICSEntrepreneurial CharacteristicsInstitution AffiliationName1ENTREPRENEURIAL CHARACTERISTICS2Today, many people are seen to embrace entrepreneurship. Entrepreneurship is experiencing asignificant growth such that even the employed are seeking ways to kick off their businesses.Most of the people that are attracted to entrepreneurship are the youth. However, for one to besuccessful entrepreneurs, they must possess several characteristics. In this paper, we are going todiscuss the three top characteristics that the youths should possess to succeed in running theirbusinesses that include resilience, knowledge seeker, as well as innovation and creativity(Sexton, & Bowman, 2006).Firstly, the entrepreneurs should be resilient. Before, and even after the business picks, it will beexposed to very may challenges. The entrepreneur should be able to identify the challenges andface them courageously. As a mechanism for fighting the challenges, he should considerstudying businesses that are similar to the one that he is starting and learn the type of challengesto expect (Huang, 2008). However, some problems faced could be unpre

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