TA1 - Characteristics of enterpreneurs

Front

Define what is meant by an 'entrepreneur'

Back

A person who starts or runs a business. They are prepared to take risks to be successful.

Front

How might an entrepreneur be 'creative'?

Back

Generate new ideas to create a new product or service

Front

How might an entrepreneur demonstrate 'innovation'? Options: Develop new products/services that are 'unique', Generate new ideas to create a new product or service, Through the investment of time and money, which can be lost., Talking face-to-face, by phone or email with customers, suppliers and investors

Back

Develop new products/services that are 'unique'.

Front

How might an entrepreneur be a 'risk-taker'?

Back

Through the investment of time and money, which can be lost.

Front

How might an entrepreneur need to 'communicate'?

Back

Talking face-to-face, by phone or email with customers, suppliers and investors

Front

How might an entrepreneur 'negotiate'?

Back

For the best prices of materials from suppliers.

Front

How might an entrepreneur need 'confidence'?

Back

Belief in their products so customers buy them.

Front

How might an entrepreneur need 'determination'?

Back

Being decisive by making quick decisions so they don't miss an opportunity.