Enterprise Flashcards
What is an Enterprise?
Involves identifying new business opportunities and then taking advantage of them. Starting up a new business or or helping an existing one to expand.
What is a financial reason someone may become an Entrepreneur?
If a business is successful and makes a profit, this could give you a better quality of life.
What is a ‘gap in the market’?
When there is a useful good or service no other business is providing.
What are things you can do as an Entrepreneur that you can’t do as a worker in another business?
Decide what they do each day and how their business will run, flexible working hours.
Can follow your own interest.
Do what makes you happy.
Give me 4 particular qualities an Entrepreneur needs to have.
Hardwork
Being Organised
Innovative
Willingness to take a risk
