1st week to 2nd week Flashcards
is the ability and readiness to
develop, organize and run a
business enterprise, along
with any of its uncertainties
to make profit.
Entrepreneurship
is defined by
discovery and risk-taking and is
indispensable part of a nation’s capacity
to succeed in an ever-changing and
more competitive global marketplace.
entrepreneurial vision
(the word “entrepreneur” comes from the French
verb entreprendre, meaning “to
undertake
is defined as someone who has the ability and desire to establish, administer and
succeed in a start up venture along with risk entitled to it, to make profits.
entrepreneur
Five Levels of Entrepreneurial
Development:
The self-employed
The manager
The leader
The investor
The true entrepreneur
(they do things on their own)
The self-employed
(delegate and hire potential employees to do the work)
The manager
(enjoy seeing their people
flourish, stepping up and producing great results)
The leader
(look for more opportunities for their business to grow)
The investor
(based on their experience, aim for quality and excellence in their work.)
The true entrepreneur
Common traits that entrepreneurs should always have:
Proactive
Agents of change
Risk takers
Have a sharp eye for opportunities
Sociable
Networker
Decisive
Balanced
Innovative
They address issues, problems, and challenges before they come.
Proactive.
They’re always enthusiast to improve and develop new products.
Agents of change
They will not be successful if they do
not take risk.
Risk takers
They have talent for recognizing an opportunity.
Have a sharp eye for opportunities
