6 Questions For Discussion.

1. To what extent are passion and determination sufficient for business success?

- Passion & determination are very important values to have to make a business successful. Without these attributes a business cannot drive itself to become it's full potential and make a decent profit. The more passion and determination a business has the harder it can push to become as successful as possible and this is surely one of the most important goals of any business. So i personally believe these two attributes are very vital to any business wanting to go far and become successful.

2. Are there certain characteristics that all successful entrepreneurs have?

- Characteristics vary between successful entrepreneurs. Some are greedy and just care about how much money they earn whereas others such as Levi Roots have great personalities and seem to be great company. So all of these characteristics are important if your an entrepreneur because if the persons main goal is to make as much money as possible then they have the determination to reach this goal (most probably) and those who seem more enthusiastic about their work do well because it's their passion and they enjoy what they do.

3. What appear to be the main reasons for becoming an entrepreneur?

- There are a few reasons why people become entrepreneurs. One being it is somebodies passion to run their own business selling a product the came up with or providing a service they thought up. Another reason is people want an easy route to success and by producing a product they invented and trying to get people to invest and help sell your product is one way this is possible. Another reason could be the fact someone has come up with helpful idea and want to sell it to help people.

4. Is the ability to cope with uncertainty, make mistakes and take risks an essential characteristic of a successful entrepreneur?

- Yes, because if somebody who is trying to sell their product can't cope with making a mistake then they wouldn't be able to handle the business because they could panic and the business could completely collapse. Also if they aren't willing to take risks this could be costly because this could stop the businesses successfulness progressing but also if an entrepreneur took too many risks this could be costly to the business because it could make a huge loss if the risk turned into a mistake.

5. Should the government provide more money to support start-up businesses?

- At this time i think they should because with the recession causing mass numbers of unemployment in the UK this would perhaps convince more people to start up businesses and this could cause numbers of unemployment to decrease. If the government was to use more money to support business i think they should split the money equally between big & small businesses because this way more big business can recruit staff and smaller ones can set-up.

6. Can government agencies ever be really effective in providing advice for entrepreneurs?

- The agencies could be effective in the fact they know whats going on in the economy and can give reccomendations on what they shoud do financially but otherwise i don't see how they could be of much help because any successful entrepreneur should know how to run their business themselves and new entrepreneurs should speak to more experienced people for advice.