Answer the Questions Coursework Assignment

Answer the Questions
Author Name
Institution Affiliation
Part 1
Entrepreneurship can be defined as an act of creating a business while building and scaling it to generate huge profits. This is the basic definition of entrepreneurship, and its advanced or modern definition is that it is a way of transforming the world of business by solving complex and big problems. The first characteristic of successful entrepreneurs is that they are disciplined. They know how to make wise decisions and are always ready to work under pressure. They are capable of eliminating the hindrance or distraction to their goals. In addition, entrepreneurs are confident and do not ask questions like whether success is possible in a specific task or project or not. They exude their confidence in everything they do. Thirdly, entrepreneurs are sharp-minded and open-mind; they understand that every situation or event is a business opportunity.
In my case, I am a self-starter and can work alone without anyone’s help. However, this does not mean I am not able to manage a team. In fact, I cooperate with my team members while accomplishing sophisticated tasks and work alone whenever there is an urgent project. Another entrepreneurial trait is that I am creative. I do not love following the footsteps of others and instead create my own solution to every problem.
In my circle, the best or effective entrepreneur is no one but Mr. X. He is capable of handling multiple projects at a time. Mr. X has great communication skills and has spent years in the business world as an entrepreneur, marketer, and data analyst. Passion is the most important characteristic or trait of this entrepreneur. He genuinely loves his work and is always willing t put in extra hours to ensure the success of the business.
Par 2
Ethics is all about defending, recommending and systematizing concepts of right and wrong. Entrepreneurial Ethics are certain codes of conduct that are employed by entrepreneurs to leave positive impacts on society. The first example is when an entrepreneur has to make a professional decision without any discrimination. They can build and run brands if certain codes of ethics are taken into consideration. The second example is how transparent an entrepreneur is while running a team of professionals. They need only h...