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Enterprise
Enterprise and entrepreneurs

Key Terms

Enterprise
- Almost any business can be called an enterprise
- The term usually refers to the process by which new businesses are forms and new products
created an brought to the market
Enterprise skills
- Skills that allow an individual or organization to…

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Importance of risk and rewards

Failure occurs for a number of reasons
- Lack of finance
- Skills shortages
- Poor infrastructure
- Complexity of regulations
The ability to evaluate the risks and uncertainty is an important element of successful
entrepreneurship
Entrepreneurs are happy to take risks if the potential…

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- A change in the political climate so that the government supports enterprise and the
entrepreneurial spirit
- Increasing affluence, which ofteb means that people start to look for meaning in their lives
Entrepreneurs are extremenly diverse
Statistics suggest that most successful entrepreneurs start to build their businesses before the…

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