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This slide is intended to provide an introduction to those that follow in this section, during which there is some class discussion of adjectives and characteristics of a series of individuals who are recognised, for whatever reason, as being entrepreneurial.
Several examples of risk taking are introduced and discussed.
This slide is intended to provide an introduction to those that follow in this section, during which there is some class discussion of adjectives and characteristics of a series of individuals who are recognised, for whatever reason, as being entrepreneurial.
Several examples of risk taking are introduced and discussed.
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Most people are aware of the career of Richard Branson and, in particular, his success in identifying realistic and viable business ideas. Has his personality and public profile changed much in the last 25 years?
That said, he himself is not a technical expert in managing airlines, trains, a music business, financial services and other types of business in which he has involved himself; rather, he is good at employing professional managers who can take responsibility for the different businesses.
Optional: Read this article about his views on risk taking.
Most people are aware of the career of Richard Branson and, in particular, his success in identifying realistic and viable business ideas. Has his personality and public profile changed much in the last 25 years?
That said, he himself is not a technical expert in managing airlines, trains, a music business, financial services and other types of business in which he has involved himself; rather, he is good at employing professional managers who can take responsibility for the different businesses.
Optional: Read this article about his views on risk taking.
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Levi Roots was first seen on Dragon’s Den where he requested the dragons to lend him £50,000 to finance a sauce making business. The recipe had been passed down from his grandmother who lived in the Caribbean. His novel way of presenting his business proposal by coming on singing a song about Reggae Sauce was innovative in itself; the dragons went for the idea and he is now selling sauces in major supermarket chains.
Frazer Doherty created Super Jams: From Edinburgh, at 14 years of age he was getting contracts from Waitrose and manufacturing his jams by the pallet load. By 19 years of age he went to the University of Strathclyde to do a Business and Management degree. Again, the recipe was handed down from his grandmother.
Levi Roots was first seen on Dragon’s Den where he requested the dragons to lend him £50,000 to finance a sauce making business. The recipe had been passed down from his grandmother who lived in the Caribbean. His novel way of presenting his business proposal by coming on singing a song about Reggae Sauce was innovative in itself; the dragons went for the idea and he is now selling sauces in major supermarket chains.
Frazer Doherty created Super Jams: From Edinburgh, at 14 years of age he was getting contracts from Waitrose and manufacturing his jams by the pallet load. By 19 years of age he went to the University of Strathclyde to do a Business and Management degree. Again, the recipe was handed down from his grandmother.
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Sean Quinn of Derrylin emerged from a modest farming family, spotting an opportunity to sell aggregates for road making and then building supplies locally.
These businesses gradually grew successfully, employing more and more people as he gradually moved into hotel development, electrical equipment and financial services.
As a risk taker he has had severe financial problems in recent years.
Sean Quinn of Derrylin emerged from a modest farming family, spotting an opportunity to sell aggregates for road making and then building supplies locally.
These businesses gradually grew successfully, employing more and more people as he gradually moved into hotel development, electrical equipment and financial services.
As a risk taker he has had severe financial problems in recent years.
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Bill O’Hagan spotted an opportunity to develop premium quality sausages.
Read more about his work and career here.
Bill O’Hagan spotted an opportunity to develop premium quality sausages.
Read more about his work and career here.
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Over to you
As you think about these individuals, and other entrepreneurs you may encounter in your reading, consider what adjectives can be used to describe these people and any characteristics they have in common?
As you think about these individuals, and other entrepreneurs you may encounter in your reading, consider what adjectives can be used to describe these people and any characteristics they have in common?
