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Entre. Unit 1

Entreprenuership

TermDefinition
Entrepreneurship Create or seize an opportunity for going into a business b/c you've tested the market and found a need
Acts with Passionate Purpose Identify consumer need, they have personal sacrifice involved, seek solution,act decisively,learn quickly,pursue goal and result
Desires Independence Possess drive to achieve and grow, realizes strengths & weaknesses
Recognizes Opportunity Identifies problems, strives for solutions
Manages Risk Invests personal savings & 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
Created by: Cmbenedict
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