Business UNIT 1- Mrs Rees
- Created by: Rumnique
- Created on: 18-04-15 12:59
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- Enterprise and Entrepreneurs
- Enterprise
- New business or company that has new products or services that's brought into the market
- Enterprise skills
- risk taker
- creative
- innovative
- initiative
- positive attitude
- Social Enterprise
- Organisation that applies commercial strategies to maximize improvements in human & environmental well being rather than maximized profits for external shareholder
- Entrepreneur
- Individual or business that takes the risk in starting a new business
- Successful Entreprenuer
- Jeff Bezos-Amazon
- Mark Zuckerburg- Facebook
- Jack Dorsey- Twitter
- Characteristic
- Passionate
- Original
- calculated risk taker
- innovative
- creative
- Untitled
- Advantages of becoming an Entrepreneur
- own boss
- work own hours
- flexibility
- work from home
- Disadvantage of becoming an Entrepreneur
- lack of experience
- isolation
- stress of family and friends
- financial problems
- Opportunity Cost
- The cost you miss out on, on thee next best alternative
- Government Support
- to provide more products and services for communities
- reduce the amount of unemployment
- fill market niches
- reducing barriers to raising finance for small businesses
- encourage the unemployed
- introduce legislation to promote competitition
- Enterprise
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