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Entre: Unit 1
Entrepreneurship
Term | Definition |
---|---|
Entrepreneurship | Create or seize an opportunity for going into business because you've tested the market and found a need |
Acts with Passionate Purpose | Identify consumer need/personal sacrifice/seek solution/act decisively/learn quickly/pursue goal and result |
Desires Independence | Possess drive to achieve and grow/realizes strengths and weaknesses |
Recognizes Opportunity | Identifies problems/strives fro solutions |
Manages Risk | Invests personal savings and time |
Uses Resources | Recognizes peoples strengths |
Small Businesses | Create value |
Advantages of being an Entrepreneur | Reap all the benefits/flexibility/more control/fulfilling |
Disadvantages of Being an Entrepreneur | Lose security of constant paycheck/Very long hours/Unpredictable/Total responsibility/Stressful/Great Risk |