Entrepreneur Flashcards
(10 cards)
What is an entrepreneur?
An entrepreneur is someone who starts, manages, and takes on the risks of a business in the hope of making a profit.
What does it mean to be innovative as an entrepreneur?
Being innovative involves being able to develop new ideas and processes, as well as find new approaches to problems that may arise.
What is the importance of risk-taking for entrepreneurs?
An entrepreneur needs to be able to consider and choose when to take appropriate risks, even when the outcome may be failure.
What does it mean to be a networker as an entrepreneur?
Being a good networker involves being sociable and helpful so that you can develop business contacts and support networks.
What characterizes determination in entrepreneurs?
Determined individuals are those who are hard working and focused on achieving specific goals.
What is resourcefulness in the context of entrepreneurship?
Making creative use of limited resources to solve problems or overcome challenges.
Why is being knowledgeable important for entrepreneurs?
Entrepreneurs should have expertise and understanding in their industries or fields.
How do entrepreneurs benefit society by creating jobs?
Entrepreneurs start businesses that need workers, creating employment opportunities for others.
How do entrepreneurs improve quality of life?
Entrepreneurs often solve problems or create convenience through new products and services that make daily life easier.
How do entrepreneurs boost the economy?
By selling goods and services, entrepreneurs increase production and spending, which helps grow the economy.
