Exam (elaborations) Gmar7091

2 Work–life balance is when an individual is able to understand the importance of setting boundaries such as not working for more than 40 hours each week. Health/wellbeing means factoring in time away from work, to renew energy and gain a different perspective on possible future developments of a business. 3 D – Innovation 4 An entrepreneur needs several different but linked characteristics if they are to be successful. For example, they might have a totally original idea which shows their creativity and innovation; if they know their idea is new and good, they will also have belief in their product/service. They will demonstrate this by being confident and communicating effectively with potential investors or customers. A person with these characteristics is more likely to be successful, which is why these characteristics are found in many entrepreneurs