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Unit 2

Key terms for unit 2

Decision Making A skill of an entreneur
Enterprise Enterprise involves using your initiative to identify some need and then taking the steps to satisfy that need.
Entrepreneurs An entrepreneur is a person who spots an opportunity and takes the initiative to set up a business to make money from that opportunity
Goals Objectives set for the future to be achieved
Initiative The ability to do or achieve something without being told to do so
Innovation Innovation is the application of better solutions that meet new requirements
Networking Exchanging information or services among individuals groups or services
Planning Planning is the process of thinking about and organizing the activities required to achieve a desired goal
Proactive To take positive steps to achieve goals
Creative Developing new ideas
Flexible Th ability to adapt plans and circumstances changed
Self-moitvated The ability to push yourself to achieve a goal
Ruthless The ability to put your business ahead of everything else
Delegate Passing some responsibilities onto others to reduce your work load
Skills of entrepreneur Future focused ability to delegate, decision maker ,planning, time management, problem solving and HR
Characteristics of entrepreneur Creative, innovative,risk taker, confident , decisive , determined, flexible, resilient, hard worker
Created by: darren currid



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