Unit One

Question 1

creative entrepreneurship

Answer 1

The practice of setting up a business ot setting yourself up as self-employed and one of the creative industries

Question 2

creative industries

Answer 2

this refers to a range of economic activities which are concerned with the generation or exploitation of knowledge and information. they’re people who work with people

Question 3

creative capital

Answer 3

The New York based, national nonprofit organization which provides grants and advisory services to artist in five disciplines. these people give us fields of work money

Question 4

intellectual capital

Answer 4

The intelligible value of a business covering its people, the value and inhereit in its relationships, and everything that is left when the people go home. this is how much a business is worth

Question 5

two characteristics an entrepreneur

Answer 5

1. people who want change

2. people who are risk takers and are willing to invest other time money and effort into a business

Question 6

three characteristics of successful entrepreneurs

Answer 6

1. learn from your mistakes and then never make them again
2. be willing to live with fear, risk and occasional failure
3. line your business up with your passions

Question 7

two reasons why businesses fail

Answer 7

1. thinking too little or too big for your company

2. overworking yourself

Question 8

two mistakes owners do when they open and your business

Answer 8

1. overtrusting a major client

2. managing your employees poorly

Question 9

entrepreneurship

Answer 9

The process of starting a business typically a start up company offering and initiative product or service. entrepreneurs are risk takers that are willing to invest all of their time money and effort