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Business > The role of business enterprise and entrepreneurship > Flashcards

The role of business enterprise and entrepreneurship Flashcards

1
Q

Why do people choose to start their own business?

A

Improve standards of living
Being made redundant
Be your own boss

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2
Q

What are the four main characteristics of a successful entrepreneur ?

A

Creative
Confident
Determination
Risk-taker

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3
Q

Risks of starting your own business

A

Failure-loss of money put into business
Strain on relationships

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4
Q

Rewards of starting your own business

A

Better standard of living
Increase profit

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Business (22 decks)

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