Entrepreneurship

Question 1

Entrepreneur

Answer 1

Someone entering the world of business to utilise an opportunity to make money

Question 2

Push factors to Entrepreneurship

Answer 2

Unemployment
Job security
No formal training
Disagreement with current employer

Question 3

Pull Factors to Entrepreneurship

Answer 3

Independence
Recognition
Self-actualisation
Personal employment and wealth

Question 4

4 characteristics of an entrepreneur

Answer 4

Motivation
Flexibility
Self-Reliance
Determination

Question 5

Types of Entrepreneurs

Answer 5

techno Entrepreneur
social Entrepreneur
tourism Entrepreneur
enviro Entrepreneur

Question 6

Emerging Entrepreneur

Answer 6

Entrepreneurs who have been previously disadvantaged

Question 7

Informal Entrepreneur

Answer 7

The Entrepreneur has no fixed business location, have limited legal requirements and do not pay tax

Question 8

Path to Entrepreneurship

Answer 8

starting a new business
Buying an already established business
buying a franchise
buying a family business

Question 9

Feasibility

Answer 9

is the idea and weather or not it can be practically implemented

Question 10

Viability

Answer 10

Does the idea have the potential to generate profit and a return on investment

Question 11

Growth stages of a business

Answer 11

incubation
Start-Up
Breakthrough
maturity
Rejuvination