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4 Cards in this Set
- Front
- Back
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Definition
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Someone who starts or runs a business. Often described as 'risk-takers', investing their own time/money into a business in the hopes that it will be successful.
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They Are...
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1) Innovators --> bring new ideas to the market and drive new technologies 2) Wealth Creators --> countries dependant on small firms building wealth to drive exports and increases in the UK’s output 3) Job Creators --> As an entrepreneur builds his or her business then of course jobs are created 4) Society Builders --> Often give things back to society e.g. Mark Zuckerburg |
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Characteristics Are...
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1) Creativity --> the ability to come up with new concepts/ideas, or a better way of doing things 2) Hard-working --> motivation to succeed 3) Desire to work for selves --> more motivation 4) Fast decision making 5) Persistent --> Willing to keep trying if fails |
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However...
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1) Are highly independent, which can be a problem if succeed 2) Might not be able to manage aspects if growth too big 3) Management conflicts if entrepreneur can't accept small vs. big business |
