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  • Enterprise
    • Entrepreneur takes advantage of business opportunities
      • risks of failure
      • ability to think ahead
      • ability to plan carefully
      • networking skills
      • leadership skills - powers of persuasion
      • reward is profit
      • ability to learn from mistakes
      • willingness to take risks
      • initiative
      • drive and determination
      • decisiveness
    • Enterprise can expand businesses by coming up with new ideas
    • Enterprises focus on a gap in the market or a market niche
    • need to gather resources - key is money
    • Enterprises hope that the business can pay back money borrowed, if not all money will be lost
    • Entrepreneur usually use money from banks and investors to fund enterprises
    • Good entrepreneur tales calculated risks, do research and plan businesses for success.


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