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Enterprise

Entrepreneur/ Skills and Charactersitics

TermDefinition
Enterprise Enterprise is any attempt to start or do something new. Enterprise is about turning ideas into actions. Example: Starting a club or society in school.
Entrepreneur Is someone who spots a gap in the market. They use their initiative and take both a personal and financial risk in starting a business/venture with the aim of making a profit. Example: Steve Jobs (Apple), Aimee Connolly (Sculpted by Aimee)
Enterprise at home: Carrying out DIY to decorate or improving your home.
Enterprise at school: Setting up a new club or society
Enterprise in the community: Setting up a tidy towns committee
Enterprise in the government: They set up Coillte to help develop Irish Forests.
Skills A skill is something you learn to do over a period of time. It is the ability to do something well as a result of training, experience and practice. Examples: Teamwork, Communication
Characteristics A characteristic is a quality a person is born with, which describes the type of person they are. Examples: Creative, Risk Taker
Intrpreneur This is a person (employee) within an existing business who is enterprising. E.g. Post-it Notes were invented by an employee of the 3M Company, Arthur Fry.
Risk of being an Entrepreneur Working long hours, lose money you invested, reputation can be on the line.
Rewards of being an Entrepreneur Can keep some or all of the profit made, flexible work hours, sense of achievement.
Role of an entrepreneur in an organsisation Generate ideas, take risks, provide leadership and management, Create long-term plans, raise finances, provide motivation.
Created by: ms.ahern
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