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Entrepreneurs
Unit 1 Words for Entrepreneurship
| Term | Definition |
|---|---|
| entrepreneur | a person who starts or builds a business by taking risks to create value |
| intrapreneur | a person who develops new ideas or products within an existing organization |
| founder | a person who starts a company or organization |
| small business entrepreneur | a person who owns and operates a small business |
| social entrepreneur | a person who uses a business to help solve a social or environmental problem |
| serial entrepreneur | a person who starts multiple businesses over time |
| lifestyle entrepreneur | a person who builds a business around the lifestyle they want |
| digital entrepreneur | a person who runs a business primarily using the internet or digital technology |
| franchise entrepreneur | a person who owns and operates a location of an established franchise |
| influencer entrepreneur | a person who builds a business around an online audience or personal brand |
| growth mindset | the belief that abilities can improve through effort, practice, and learning |
| entrepreneurial mindset | a way of thinking that looks for problems, opportunities, and ways to create value |
| opportunity recognition | the ability to notice problems or needs that could become business opportunities |
| creativity | the ability to develop new or original ideas |
| curiosity | a desire to ask questions, explore, and learn |
| persistence | continuing to work toward a goal despite difficulties or setbacks |
| ethics | principles that help determine what is right, fair, and responsible |
| risk taking | being willing to act even when the outcome is uncertain |
| business acumen | the ability to understand how businesses work and make good business decisions |
| opportunist | someone who notices opportunities and acts on them |
| sweat equity | time and effort invested in a business instead of money |
| problem solving | the ability to identify a problem and develop effective solutions |
| leadership | the ability to guide, motivate, and organize others toward a goal |
| initiative | taking action without waiting to be told what to do |
| communication | the ability to clearly share ideas and understand others |
| collaboration | working effectively with others toward a shared goal |
| calculated risk | a risk taken after considering the possible benefits, consequences, and available information |
| reckless risk | a risk taken without adequately considering the possible consequences |
| due diligence | research done before making an important business decision |
| liability | legal responsibility for debts, damages, or harm |
| market risk | the risk that customers may not want or buy a product or service |
| financial risk | the risk of losing money or being unable to pay business expenses |
| legal risk | the risk of breaking laws, regulations, or contracts |
| liability risk | the risk of being held legally responsible for harm or damages |
| operational risk | the risk of problems with the day-to-day operation of a business |
| reputation risk | the risk that negative opinions about a business will hurt its success |
| moral compass | a person's internal sense of right and wrong |
| stakeholder | a person or group affected by a business and its decisions |
Created by:
PRO Teacher
busynessgirl
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