enterprise Flashcards
1
Q
motives of an entrepreneurs
A
- personal satisfaction
- self-employment
- be their own boss
- financial
2
Q
qualities of an entrepreneur
A
- decisiveness
- identify opportunities
- able to think ahead
- able to learn from mistakes
3
Q
rewards of an entrepreneur
A
- financial gains
- self-satisfaction
- pursue an interest
- self-esteem - built something from the ground
4
Q
risks of an entrepreneur
A
- financial losses
- stress
- bad rep if failed
- low sales/unexpected costs
5
Q
need of a business plan
A
- banks before lending money
- shows opportunities and problems
- shows how business will run
