Introduction to Business Management

Introduction to Entrepreneurship

VOCABULARY TERMS:

VOCABULARY TERMS:

1. Entrepreneur

2. Entrepreneurship

3. Niche

4. Mentor

Multiple Choice

What is an entrepreneur?

• A person who undertakes the organization and ownership of a business with the intent of making a profit

• The process of getting into and operating his own business.

• Suitable place for a venture. (refers to a business that specifically caters to a defined group compared to its competitors.

• An individual within a relationship that you can run ideas by and solicit feedback in which the mentor has nothing to personally gain from the mentee's decisions.

Multiple Choice

What is entrepreneurship?

• Suitable place for a venture. (refers to a business that specifically caters to a defined group compared to its competitors.

• A person who undertakes the organization and ownership of a business with the intent of making a profit.

• An individual within a relationship that you can run ideas by and solicit feedback in which the mentor has nothing to personally gain from the mentee's decisions.

• The process of getting into and operating his own business.

Multiple Choice

What is a Niche?

• A person who undertakes the organization and ownership of a business with the intent of making a profit.

• The process of getting into and operating his own business.

• An individual within a relationship that you can run ideas by and solicit feedback in which the mentor has nothing to personally gain from the mentee's decisions.

• Suitable place for a venture. (refers to a business that specifically caters to a defined group compared to its competitors.

Multiple Choice

What is a mentor?

• The process of getting into and operating his own business.

• An individual within a relationship that you can run ideas by and solicit feedback in which the mentor has nothing to personally gain from the mentee's decisions.

• Suitable place for a venture. (refers to a business that specifically caters to a defined group compared to its competitors.

• A person who undertakes the organization and ownership of a business with the intent of making a profit.

In business there are advantages and disadvantages to entrepreneurship. In which we can either gain or lose benefits that comes with taking the risk at a cost of decision making.

Open Ended

List some advantages of entrepreneurship that you can think of?

Advantages of Entrepreneurship

• Independence

• Personal Satisfaction

• Prestige

• Being Your Own Boss

• Opportunity to be Creative

• Job security

• Making more money

• Being recognized by the community

• Doing something you enjoy

Open Ended

List some disadvantages of entrepreneurship?

Disadvantages Of Entrepreneurship

• Working long hours

• Having an uncertain income

• Being fully responsible

• Risking one's investment

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