entrepreneurship Flashcards
1
Q
who is an entrepreneur
A
an individual who starts and operates a business while taking on the financial risk to do so
2
Q
characteristics of a successful entrepreneur
A
Risk taker Creative Optimistic Self-confident Innovative Independent Effective communicator Hard working
3
Q
reasons for business failure
A
lack of finance poor business location poor human relations poor management lack of demand increased competition become insolvent poor business planning
4
Q
reasons why the government supports small businesses
A
to increase the rate of employment to increase competition to increase economic growth help them survive carter for local demand
