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chap 13 entrepreneurs&enterprise (Characteristics of an entrepreneur…
chap 13 entrepreneurs&enterprise
An entrepreneur is someone who takes personal and financial risk to set up a business with the hope of making a profit.
Characteristics of an entrepreneur
ambitious
risk-taker
takes initiative
determined
creative
resourceful
Skills of an entrepreneur
communication
planning
people skills
market knowledge
time management
problem solving
Enterprise is the ability to generate an idea, identify an opportunity and take the risks needed to turn the idea into a business.
Economy describes how goods&services are produced, sold, and bought in a region/country.
Entrepreneurship is the act of turning opportunities and ideas into value for society.
Cultural enterprise
Social enterprise
Financial enterprise
financial gain e.g. shops(Spar), restaurants(Supermacs) and technology shops(Dell)