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Lesson 1

Entrepreneurship

TermDefinition
Entrepreneur an employer of productive labor; contractor
Entrepreneurship the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
Venture a new business that is formed with a plan and expectation that financial gain will follow
Opportunity situations where products and services can be sold at a price greater than the cost of their production
Small Business an independently owned and operated company that is limited in size and in revenue depending on the industry
Creativity the act of turning new and imaginative ideas into reality.
Financing provide funding for (a person or enterprise).
Image the perception people have of your business when they hear your business name.
Innovation a new method, idea, product, etc.
Integrity the quality of being honest and having strong moral principles; moral uprightness.
Management the process of dealing with or controlling things or people.
Planning the process of making plans for something.
Product an article or substance that is manufactured or refined for sale
Resourceful having the ability to find quick and clever ways to overcome difficulties.
Resources a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively.
Service the action of helping or doing work for someone.
Created by: klkimble
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