Entrepreneurial values
Entrepreneurship is considered to be a value-driven process, as there is a higher chance of the entrepreneur to be motivated to sustain the business in the long run. Entrepreneurial values are some key values and beliefs that entrepreneurs are seen to have and that have influenced or encouraged entrepreneurial behavior. These deeper beliefs influence one’s decision making and opinions. An entrepreneur needs to balance between personal, professional and social values. Trust : Usually overlooked in a professional setting, trust plays a key role for an entrepreneur in different aspects of life. An entrepreneur must trust their own vision or goal, develop mutual trust with employees, make customers trust his product/service, develop a trustworthy relationship with vendors etc. Honesty : It is very important for an entrepreneur to be honest and ethical. Honesty is must financing the business, managing the assets of the firm, taking decisions that involve risks and makin...