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Lesson 1
Entrepreneurship
Term | Definition |
---|---|
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. |