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Entrepreneurship

Lesson 1.01

TermDefinition
Entrepreneur an individual who undertakes the creation, organization, and ownership of an innovative business with the potential for growth
Entrepreneurship the process of recognizing or creating an opportunity, testing it in the market, and gathering the resources necessary to go into business
Venture a new business undertaking that involves risk
Opportunity an idea that has commercial potential
Small Business a business in which the owner and manager is the same person, and which employs fewer than 15 people
Creativity the use of imagination or original ideas
Financing making financial decisions for new ventures
Image the perception people have of your business
Innovation the exploitation/creation of opportunities unto marketable ideas. This is the ability to apply creative solutions to problems.
Integrity being honest and morally upright
Management the process of dealing with or controlling people
Planning the process of determining a course of action
Product item offered for sale
Resourceful able to deal skillfully and promptly with new situations
Resources source of supply
Service the work performed by one that serves another
Created by: bwhelan
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