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9 Cards in this Set
- Front
- Back
- 3rd side (hint)
Enterprise |
Any attempt to start or do something new |
Start |
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Entrepreneur |
The person who has the initiative and takes the risk to start an enterprise |
Initiative & risk |
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Where is enterprise relevant? |
1) In business 2) In the home 3) In schools 4) In the community |
In the community |
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Intrapreneur |
An employee working within an organisation who uses initiative to act like an entrepreneur |
Within an organisation |
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Rewards of becoming an entrepreneur |
1) You are your own boss 2) Personal satisfaction from the work 3) Earn income 4) Outlet for creativity & new challenges |
Creativity |
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Risks of becoming an entrepreneur |
1) Unlimited liability 2) Long hours 3) Stress |
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Characteristics of an entrepreneur |
1) Confident 2) Motivated 3) Creative 4) Realistic risk-taker 5) Decisive |
Risk-taker |
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Learned skills of entrepreneurs |
1) Identify opportunities 2) Set goals and plan 3) Manage time 4) Manage stress 5) Get along with people |
Manage time |
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Importance of enterprise |
For entrepreneurs: - Personal satisfaction For business: - Promotes business profitability - Promotes intrapreneurship For society: - Creates jobs - Charitable services - Increased tax revenue |
For entrepreneurs, business and society |