Enterprise and Entrepreneurs Key Terms

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  • Created by: abiseddon
  • Created on: 03-02-16 12:49
Enterprise
The combination of attitudes and skills that helps an individual turn an idea into a reality
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Entrepreneur
Someone who makes a business idea happen, either through their own effort, or by organising others to do the work
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(Characteristics) Courage and Initiative
To act quickly when an opportunity is present
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(Characteristics) Understanding of the market
Know what customers want and see how well current customers are serving them
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(Characteristics) Determination
To see through things even if there are difficulties
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(Characteristics) Passion
To achieve something and not just to make money
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(Characteristics) Persuasive Abilities
Persuade others in the production process (eg supplying of goods on credit)
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(Charcteristics) Risk-taking
Consider what they think will happen and what will happen different, foresee other possibilities so that plans can be made, compares all the risks with the possible rewards and makes a considered decision
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Business Link Network
Offers free advice to those starting up plus a free consultation with an expert nominated by business link
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Other cards in this set

Card 2

Front

Someone who makes a business idea happen, either through their own effort, or by organising others to do the work

Back

Entrepreneur

Card 3

Front

To act quickly when an opportunity is present

Back

Preview of the back of card 3

Card 4

Front

Know what customers want and see how well current customers are serving them

Back

Preview of the back of card 4

Card 5

Front

To see through things even if there are difficulties

Back

Preview of the back of card 5
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