Enterprise Entrepreneurs

Question 1

What is an entrepreneur?

Answer 1

An entrepreneur is a person who takes the financial risk of starting and managing a business venture.

Question 2

What are the characteristics of a an Entrepreneur?

Answer 2

1. Risk taking
2. Innovation - the ability to bring new ideas into the market
3. Commitment and self Motivation
4. Multi-skilled
5. Leadership skills
6. Perseverance

Question 3

What is the importance of enterprises and entrepreneurs to a country’s economy?

Answer 3

1. Employment creation
2. Economic growth
3. Firm’s survival and growth
   4 Innovation and technological change
4. Exports
5. Personal development
6. Increased social cohension