Entrepreneurship Basics

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12 Questions

What is the primary role of an entrepreneur?

Taking on most of the risks and reaping most of the rewards in a new business venture

Where does the term 'entrepreneur' originate from?

French verb enterprende, meaning 'to undertake'

Which personality factor is essential for entrepreneurship?

Initiative

What do entrepreneurs do with unique ideas?

Generate profitable solutions to market needs

Which environmental factor can impact entrepreneurship?

Political and economic conditions

What does it mean to be proactive in entrepreneurship?

Actively identifying and seizing opportunities

What is one of the characteristics of an Innovative Entrepreneur?

They constantly look for new ideas

What drives Social Entrepreneurs according to the text?

Initiating changes and driving social innovation

How can entrepreneurs increase their motivation as stated in the text?

Celebrate small goals and break down big goals into milestones

Which type of entrepreneur is described as skeptical about making changes and only follows after being satisfied?

Fabian Entrepreneurs

What is the role of creativity in entrepreneurship according to the text?

Creativity helps turn ideas into a real business

How can entrepreneurs overcome daily obstacles according to the text?

Adopt a positive mindset to overcome negativity

Learn about what an entrepreneur is, the risks and rewards involved in starting a new business, and the concept of entrepreneurship. Discover the origins of the term 'entrepreneur' and how it relates to undertaking risks and creating innovative enterprises.

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