what are....

Entrepreneurial Abilities?

The ability to optimize the utilization of the production factors is entrepreneurship. This involves five elements:

Taking initiative – Action oriented and driven by forward motion
Strategic business decision making – Based on a clear vision and strategy being able to make decisions
Innovation – Exploring and experimenting
Bearing risk – taking the consequences of the previous three elements regardless the outcome.
Guts – You need a decent amount of guts to get this done