role of an entrepreneur

Question 1

What is an entrepreneur?

Answer 1

Someone who takes the risk of starting a new business in the hope of making profit

Question 2

What are four ways to expand a business?

Answer 2

-open in another location
-merger
-become a franchise
- target other markets

Question 3

Ways to encourage intreneurship:

Answer 3

-give employees ownership of projects
-make risk taking and failure acceptable
-reward entrepreneurial thinking

Question 4

What are some barriers of entrepreneurship?

Answer 4

• legal barriers
• access to finance
• fear of failure
• lack of training

Question 5

What are intrapreneurs?

Answer 5

Employees, in a large business who use entrepreneurial skills to benefit their company