Unit 3 Flashcards

1
Q

Definition of an entrepreneur

A

A innovative person, that sees a need, forms an idea on how to supply the need, transform the idea into a opportunity, doing so takes a risk

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2
Q

Characteristics of a successful entrepreneur?

A

Persistence
Passionate
Determined
Competitive
Goal oriented

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3
Q

Name 5 strategies to strengthen entrepreneurial qualities

A

Practice skills
find a mentor
manage time effectively
working for experience
network for support

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4
Q

What is Philanthropy?

A

A desire to improve the material social and spiritual welfare of humanity, especially through charitable activities

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