Entrepreneurship 101

An entrepreneur is a person who creates an enterprise by taking financial risk in order to make a profit.

An entrepreneur has the ability to see and evaluate business opportunities.

Entrepreneurship is a system of creating new businesses through the coordination, innovation, and performance of the entrepreneur.

<p>Some entrepreneurial traits include innovation, risk-bearing, passion for the business, and product/customer focus.</p> Signup and view all the answers

<p>In the context of entrepreneurship, innovation refers to doing something new and different, seeking to meet the changing requirements of customers.</p> Signup and view all the answers

<p>A person who takes financial risk in order to make a profit</p> Signup and view all the answers

<p>Influencing people's lives</p> Signup and view all the answers

<p>The various activities done for the establishment and operation of an enterprise</p> Signup and view all the answers

<p>Innovation</p> Signup and view all the answers

<p>To start the new venture</p> Signup and view all the answers