UNIT 1 NOTES

An entrepreneur: •Is somebody who not only has a business idea but it willing to take the risk to start it. •Entrepreneurs see the resources that are available and the possibilities of combining them in a particular product or service. •Some entrepreneurs, continually have ideas for new businesses and set up many different ones during their careers. They are called ‘Serial-entrepreneurs. •Are prepared to take risks. They are investing time, money and effort into anew project that may or may not work and all the investment will be lost. Why do people want to become entrepreneurs? •Experience a great feeling of satisfaction if your ideal is successful. •You will be your own boss. This can be challenging and demanding but…