OVERVIEW Flashcards
It is a process of creating incremental wealth through the efforts of individuals who find you and useful ways to employ resources that lead to the creation of new products , services , or technologies .
Entrepreneurship
It derived from the french words entre means enter and prendre means to take .
Entrepreneur
Entre means what
To enter
Prendre means what
To take
Give the number one benefit of entrepreneurship
It helps the economy grow
Give the number two benefit of entrepreneurship
It encourages technological growth
Give the third benefit of entrepreneurship
It aids in human development
Give the fourth benefit of entrepreneurship
It promotes inclusive growth
Give the fifth benefit of entrepreneurship
It begets entrepreneurship
What are the three rewards of entrepreneurship
Make money , be your own boss , gain self satisfaction
What are the three risk of entrepreneurship
Failure , long hours of work , and wanted responsibilities
What are the five personal entrepreneurial competencies
Opportunity seeking , persistence , commitment to work contract , risk-taking , demand for efficiency and quality
For the demand of efficiency and quality an entrepreneur must be
Goal setting , information seeking , systematic planning and monitoring
In systematic planning and monitoring and entrepreneur must be
Known to persuasion and networking , has self confidence
