The Key Characteristics Of Sean Gilligan's Entrepreneurial Pursuitss

Improved Essays
The key personality attributes that prompted Sean Gilligan’s entrepreneurial pursuits

Photo 2012-12-15 07.16.21 PM

The following is an essay written about me by a student at Bradford School of Management, who was tasked with profiling a local entrepreneur as part of his Business course:-

“In order to understand why Sean Gilligan became an entrepreneur, there are 3 key elements that revolve around him. His personality or attributes, his background and experience and his skills, including how he learnt. In this essay, only his personal attributes will be discussed as these have been of great advantage to his career as an entrepreneur.

Entrepreneurship is probably best understood as a process, the constituents of which are the entrepreneur,
…show more content…
Risk taking is considered to be the perceived probability of receiving the rewards associated with success of a proposed situation required before embarking on a venture. Most entrepreneurs do not involve family members in their businesses because to them, it can lead to loss of control over business venture. In the aspect of Sean’s business, it is different as family members contribute to the decision making process; this is enough risk as it is. Three levels of risk taking are (low, moderate and high) could affect the decision to start a business venture. It has been shown that entrepreneurs have a propensity for moderate risk. To people, an entrepreneur takes risks; to the entrepreneur he is simply taking the next challenge after carefully evaluating the risk and deciding to do it based on his ability to accommodate …show more content…
Education and early career experiences also play major role. Even recent/present career experience (Sean is the director at British American Business Council for Yorkshire and the Humber). For example, accountants tend to have little tolerance for ambiguity as their education and experiences are based in clear rules. Marketers may have too much tolerance, and often resist moving towards metrics-driven processes. Engineers and chemists as Sean is by profession may surprisingly have the best background for developing this capability, as more complex problems require making assumptions to deal with limited

Related Documents

  • Improved Essays

    Dashlocker Case Study

    • 831 Words
    • 4 Pages

    Case 1: DashLocker: 1. How did Hennessy’s background prepare him for starting a business? What entrepreneurial qualities does he embody? Mr. Hennessy prior to start his business, laundromat, he pursued banking as a research analyst at a New York hedge fund for two years. His previous work helped him to be ready to start a business with high-tech laundry service.…

    • 831 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Dicky Vs Walt Whitney

    • 1583 Words
    • 7 Pages

    One of the marks of a good entrepreneur is their ability to recognize opportunity where other people miss it. But entrepreneurial people sometimes come along and develop products or services that change the course of business. They ignore the naysayers, and they break the boundaries of the norm. Among those names are people like Henry Ford and Walt Disney.…

    • 1583 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    Risks are the most common things in our life, but different people treat them in different ways. Some people may just give up and get rid of them, but some people may try their best to deal with them. Actually, taking risks will give us many benefits. In the article "Breaking Through Uncertainty --Welcoming Adversity" by Jim McCormick and "Neighbours" by Lien Chao. In "Breaking ... Adversity", the authours give idea that risks benefit us.…

    • 489 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    George Grant is one of the most unannounced, underrated person in African American History. Son of slaves, George Franklin Grant was the first African American Professor at Harvard University. In Oswego, New York; his hometown; Grants first job was working in a dental office as an errands boy, to then become a lab assistant. This job, later pushed/ influenced him to be a dentist becoming one of the first blacks to ever attend Harvard Dental School. Progressing, Grant received his dental degree in 1870 becoming the first faculty member at Harvard, to which he served 19 years on the job.…

    • 571 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    This could be a career opportunity, a remarkable deal on a home, a new contact useful for networking purposes, or an investment in something overlooked. Generally, opportunity follows a trend of increased effort and risk equaling greater potential reward, or greater failure. On the other hand, decreased effort and risk is clearly safer, but not as likely to yield a high return. An example of this concept is the American stock market. The greater the investment, the greater the return, but also greater the risk.…

    • 795 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Written Assignment Unit 1 I guess here is where I present myself. Many people start with interests. My interests have changed in different ways throughout my life and for different reasons but ever since I remember I’ve wanted to make the world a better place and this is still valid today. I’ve had various ideas as for what I want to do professionally and I’ve gradually come to discover that my exact position and career choice don’t matter as much as my personal values, goals, and methods do.…

    • 517 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    S104540 Unit 1 Assignment

    • 691 Words
    • 3 Pages

    University of the People S104540 BUS 3303 Written Assignment Unit 3 Based upon the readings for this week, which of the skills, traits or characteristics of entrepreneurs do you think would be the most important to have? Research a successful entrepreneur. Describe the entrepreneur’s type of innovation or business, what characteristics or traits they have, how they got started, and what they did in order to become and remain successful. This assignment should be at least 500 words in length. Building a business that will survive and thrive requires true entrepreneurial skills.…

    • 691 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Over the past several years, entrepreneurship has been the new occupation of choice. So many people have chosen to pursue entrepreneurship as a route to financial freedom, passion, and living their dreams. The same goes for Yvonne D’Arcy and Elizabeth Whiting. The two discovered a business opportunity within the hotel and restaurant industry and pursued their interest in boutique hotels. With D’Arcy’s father as an important initial investor, the idea appeared to be promising.…

    • 1297 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Marcus Lemonis

    • 968 Words
    • 4 Pages

    In this paper, I will be discussing the businessman and investor, Marcus Lemonis. I will start at his humble beginnings and work up to his successful career today. I will also briefly cover his introduction to the world of entrepreneurship, awards he’s received and appearances he’s made in television series. Marcus Lemonis was born in Beirut, Lebanon in 1973 (Strohm, 2016). Nine months after his birth Lemonis was adopted by a Miami couple.…

    • 968 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Risk is the essence of life. It tastes bitter like coffee, but it rewards you by making you get up and continue stronger. There are many factors that make one determined to take risks, but the strongest ones belong to the people we love. In such cases, taking risks could reach to sacrificing one 's self for his or her loved ones. When one truly cares and loves a person, they take risky actions and decisions for them blindly.…

    • 1346 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Many people, including myself, believe that being an entrepreneur automatically means success while living a stress free lifestyle, but that isn’t always the case. Entrepreneurs undergo many challenges on a daily basis and as a student thinking about pursuing entrepreneurship as career I expect to experience many personal and external challenges. “Choosing a great business idea [is] one…

    • 737 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Innovation and Success of the Creative Entrepreneur Introduction Business in today’s society has many branches that can be utilized to make an individualized approach to an operating career. Within the heart of business, there are individuals that cultivate each business plan in order to create a solid foundation. These certain individuals are referred to as entrepreneurs. Entrepreneurs pull together factors of business, societal needs, and wants into a new product or service to sell. The job criteria of an entrepreneur may vary due to the wide array of talents required in order for certain businesses to start.…

    • 1085 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The prospect of being your own boss and running a business is a glamorous one to many people (Questia). However, this job involves many risks, hard work, and sacrifice, could it be right for you? This is the prospect of being an entrepreneur. An entrepreneur is someone who starts their very own business. Their education can vary depending on their good or service.…

    • 870 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    What is Entrepreneurship? Entrepreneurship is a process activity, it generally involves the following inputs an opportunity , one or more proactive individuals , an organization context , innovation ,risk and resources, value , new products or process , profit or personal benefit and growth. Entrepreneurship Entrepreneurship is the development of a business from the ground up — coming up with an idea and turning it into a profitable business. But while the definition of entrepreneurship may be simple, its execution is much more difficult. Entrepreneurship is the journey of opportunity exploration and risk management to create value for profit and/or social good.…

    • 896 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Readings in entrepreneurship was very beneficial to my experience of my knowledge of entrepreneurship as a whole. Before this class I’ve had a limited experience with entrepreneurship. The very basics of entrepreneurship was all I was taught. This paper will describe to you what I have now learned through this experience with this class and how I will use what I learned to better myself in the future.…

    • 1045 Words
    • 5 Pages
    Improved Essays