Business Flashcards
Business activity (13 cards)
What is an entrepreneur
A person who runs, starts and owns a business
what drives entrepreneurs to create new businesses
Identifying gaps in the market and consumer needs
Why do entrepreneurs innovate in business
To fulfill customer demand and sustain growth
What is a characteristic of an entrepreneur
Creativity is essential as it helps you work with problem solving in a different way
What does risk taking involve for entrepreneurs
Putting their own or other peoples money at risk for growth
Why is confidence important for entrepreneurs
It helps them believe they can succeed
What does determination mean for entrepreneurs
Keep solving problems despite difficulties faced
What are financial risks in entrepreneurship
Losing savings or facing debt due to business failures
What are benifits of entrepreneurship beyond financial gain
Creative control and person fullfillment
What health challenges do entrepreneurs face
Stress and many health issues
