Being An Entrepreneur Flashcards
Define entrepreneur
A person who is self employed, works in the business sector, sets up businesses and takes risks in order to make a profit. They often use their own money to start their business.
What do entrepreneurs do?
They start or organise/manage businesses
What are the advantages of being an entrepreneur?
- makes own decisions
- freedom of business
- learning new skills
- rewarded for own effort
- can choose own working hours
- increase wealth
- independence
- suits lifestyle
What are the disadvantages of being an entrepreneur?
- risk factor (money, etc)
- time consuming
- stressful
- not always successful
- isolation from colleagues
- can greatly affect personal life
- pressure to keep up with new info/tech
What are desirable characteristics of entrepreneurs?
Leadership, organised, driven, people person, optimistic, creativity, charisma, professional, extroverted, self confidence, emotionally stable, committed, ability to adapt to change, resilience
Name some significant entrepreneurs.
Steve jobs, bill gates, Oprah, coco Chanel, Walt Disney, Katie page (Harvey Norman), Peter Irvine (Gloria jeans)
