Entrepreneurship Flashcards
1
Q
Entrepreneur
A
A person who is willing and balle to create a new business idea or invention and takes risks to pursue success
2
Q
Roles
A
- organise resources
- make business decisions
- take risks
3
Q
Barriers
A
- entrepreneurial capacity
- access to finance
- lack of training
- fear of failure
- lack of confidence
4
Q
Characteristics
A
- creativity
- hard working
- resilience
- intiative
- self confidence
- risk taker
5
Q
Skills
A
- communication
- team working
- problem solving
- organisation
- numeracy
- information technology
6
Q
Financial motives to start business
A
- profit maximisation
- profit satisfying
7
Q
Non-financial motives to start business
A
- ethical stance
- social entrepreneurship
- independence
- home working
