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Enterprise & Marketing Concepts > Characteristics & Rewards/Drawbacks from Risk-taking > Flashcards

Characteristics & Rewards/Drawbacks from Risk-taking Flashcards

1
Q

What are the 7 main characteristics for an entrepreneur to be successful?

A

Creativity
Communication
Confidence
Innovation
Negotiation
Determination
Risk-taking

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2
Q

List 4 main rewards from risk-taking

A

Financial
Independence
Making a difference/change
Self-satisfaction

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3
Q

What are the 4 main drawbacks from risk-taking?

A

Financial
Well-being/health
Work-life balance
Personal Relationships

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4
Q

Why do entrepreneurs take risks?

A

In order to set themselves from their competition. Opens up the probability for new opportunities and a chance to succeed

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5
Q

What is an entrepeneur?

A

Someone who starts their own business, especially when this involves seeing new opportunity

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Enterprise & Marketing Concepts (6 decks)

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