Role of an entrepreneur
- Created by: noe
- Created on: 21-09-20 09:54
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- Role of an entrepreneur
- Intrapreneur: employee who uses entrepreneu- rial skills, without having to risk their own money, to find and develop initiatives that will have financial benefits for their employer
- Advantages
- They can drive innovation and uncover new commercial opportunities, helping the business gain a competitive edge and increase profits
- It is a way of satisfying the self- actualisation needs of employees, increasing motivation and raising productivity
- Business may win prestigious awards, enhancing its image
- Advantages
- Barriers to entrepreneur-ship
- Lack of finance
- Lack of entrepreneu-rial skills
- Becoming an employer
- Complying with legislation
- Lack of ideas
- Fear of failure
- Aversion to risk
- Running/ expanding a business
- Financial management
- Administration
- Marketing
- Purchasing
- Managing people
- Production
- Entrepeneur: individuals who set up and run a business and take the risks associated with this
- Risk takers
- Make key decisions
- Responsible for organising
- Innovators
- Setting up a business
- 1. Idea
- 2. Research
- 3. Planning
- 4. Financing
- 5. Location
- 6. Resources
- 7. Launch
- Intrapreneur: employee who uses entrepreneu- rial skills, without having to risk their own money, to find and develop initiatives that will have financial benefits for their employer
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