Entrepreneur

Question 1

What is an Entrepreneur

Answer 1

• A person who owns and runs their own business.

- assumes all the risks and rewards for the business venture

Question 2

What is calculated risk

Answer 2

making a decision even though you know there is a risk involved

Question 3

What is retailer

Answer 3

shop where goods are sold to the public

Question 4

What are some of the characteristics of an Entrepreneur?

Answer 4

• enjoy what they do
• hard-working
• committed
• Determined
• Enthusiastic
• Optimistic (see the positive and find opportunities)
• Good with people
• Perseverance (keep trying even though they may fail at times)
• Risk taker (not afraid to take risks)

Question 5

What are some of the skills of an Entrepreneur?

Answer 5

• Good at planning and organizing
• Know how to manage money
• Good at problem-solving and generating ideas
• Good at conflict resolution and have team building skills
• Good leadership skills
• Are creative

Question 6

Explain what an Entrepreneur is in your own words?

Answer 6

-Entrepreneur are people who starts their own business and works for themselves
-they are people who come up with new business ideas and turn them into reality
-they identify business opportunities by using their creativity and initiative
they are people who take risks and might encounter business failures before becoming successful

Question 7

What are some of the actions and Entrepreneur may carry out?

Answer 7

• Buying
• Producing
• Selling
• Making a profit