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Entrepreneurship

lesson 1.01

TermDefinition
Entrepreneur An individual who undertakes the creation, organization and ownership of a business
Entrepreneurship The process of starting and operating one's own business
Venture A business undertaking that involves risk
Opportunity An idea that has commercial value
Small Business A business that is operated by one or fewer individuals that employs less then 100 people
Creativity Characteristic of an entrepreneur who looks for new ways to solve old problems
Financing The process of making financial decisions for new entrepreneurs
Image The perception people have of your business
Innovation The process and organisation needed to generate ideas in any context
Integrity The quality of being honest and morally upright
Management The interlocking functions of creating corporate policy and organizing,planning, controlling and directing organizations resources in order to achieve the objectives of that policy
Planning Identify exactly what needs to be accomplished to build the venture and what human and financial resources are required to implement the plan
Product An article or substance that is manufactured or refined for sale
Resourceful Tools for coming up with multiple solutions or something that is full of resources
Resources Sources of financing such as lines of credit and investment capital
Service Something done by a company or business to help its customer or provide them with something that is not a tangible object
Created by: elizabethiager
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