Ent - Lesson 1

Front 1

Entrepreneurship

Back 1

is a science of converting ideas into business. It is a process of actions of an entrepreneur who is always in search of something new to exploit new ideas into gainful opportunities by accepting the risk and uncertainty of the enterprise. It is about execution of ideas. It refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world.

Front 2

Entrepreneurial Idea

Back 2

is a specific innovative way to satisfy want, overcome a problem, or meet a challenge.

Front 3

Entrepreneurial Opportunity

Back 3

is defined as a want, problem, or challenge that can be addressed, solved, and/or satisfied by an innovative initiative.

Front 4

Entrepreneur

Back 4

derived from the French verb enterprendre which means “to undertake”. They are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems. They are those who “undertake” the risk of new enterprise

Front 5

Enterprise

Back 5

is an organization that is engage in commercial activities – the trade of goods or services, or both, with consumers. Its goal basically, is to earn profit. Profit is the return or compensation to the entrepreneur for taking on the risk of developing an idea into an actual business venture. It is created by an entrepreneur and the process of its creation is called entrepreneurship.

Front 6

Initiative

Back 6

does things before being asked

Front 7

Proactive

Back 7

identifies and utilizes opportunities

Front 8

Perseverance

Back 8

works against all odds to overcome obstacles and is never complacent with success

Front 9

Problem-solver

Back 9

introduces innovative solutions to any obstacles and problems in the enterprise

Front 10

Persuasion

Back 10

convinces customers an financiers to patronize his business

Front 11

Self-confidence

Back 11

makes decisions and sticks to his decisions

Front 12

Self-critical

Back 12

learns from his mistakes and from experiences of others

Front 13

A planner

Back 13

collects information, prepares a plan, and monitors performance

Front 14

Risk-taker

Back 14

willing to take calculated risks

Front 15

Creativity

Back 15

the ability to come up with clever, workable solutions

Front 16

Business like Attitude

Back 16

possessing the knowledge of your chosen business and having the savvy to conduct business

Front 17

Confidence

Back 17

having a firm belief in your own capabilities and your chances of success

Front 18

Relation skills

Back 18

the ability to get along with others, to inspire cooperation, confidence and loyalty

Front 19

Communication skills

Back 19

the ability to express yourself and to understand others so that ideas can be shared.

Front 20

Ability to make decisions

Back 20

the talents to analyze complex situations and draw conclusions that will make the business succeed