Entrepreneurship Flashcards
begins with an existing idea or concept of business
Businessman
starts a business from their own unique idea or concept
Entrepreneur
Entrepreneurs should set a SMART goal for them to succeed in their business
Specific Goal Setting
Entrepreneurs must believe in themselves. With high __, negativities will be transformed into an opportunity leading to improvement
Self-efficacy
Entrepreneurs must have the courage and determination in achieving their goals
Ambition
Entrepreneurs should be open-minded and eager to learn, even from their mistakes
Willingness to Learn
Entrepreneurs must learn to adapt things that are vital in their business and can manage change well even with the undesirable situations
Adaptive and Flexible
Entrepreneurs must be willing to accept every consequences of their decisions. They must also know how to deal the risk and are capable to develop new plans
Risk-taker
Entrepreneurs must know how to effectively deal with people/clients. They should have patience especially in their clientele’s behaviour
High Interpersonal Skills
An entrepreneur should embody positive sense of values and self-confidence, specifically in times of difficulties and challenging situations.
Integrity
The entrepreneur should be open to new tactics and critical analyses that may enhance work and will lead to significant improvements.
Conceptual Thinking
The entrepreneur must predict future conflicts and should be able to know how to solve problems that may come.
Risk-taking
Entrepreneurs should know how to work with other people/ groups of people to attain common goals.
Collaboration
Entrepreneurs must be a critical thinker that have strategic ways to accomplish goals.
Strategic Thinking
The entrepreneur should be updated with the happenings in the locality, and able to response to it effectively.
Commercial Aptitude
