Nature of Entrepreneurship

What is entrepreneurship?

• To develop, organize and manage a business venture with risks in order to make a profit.

• The art of making a deal.

• An innovating idea.

• Being competitive in the global marketplace.

What are two characteristics of an entrepreneur?

• strong and bold

• risk taker and innovative

• curious and intelligent

• hardworking and smart

The act of assuming the risk of organizing productive resources to produce goods and services.

• business
• critical thinking
• entrepreneurship
• risk management

Who created Rituals Coffee House?

• Mario Sabga

• Dean Ackin

• JK Rowling

• Walt Disney

Business entity that is easy to start and has a single owner.

• proprietorship
• partnership
• limited liability company
• corporation

Which is NOT a common characteristic of an entrepreneur?

• creative

• risk-taker

• organized

• irresponsible

Entrepreneurs cannot own franchises.

• true

• false

Name the entrepreneur

_____________________ uses resources (i.e. money, time, etc.) provided by the company.

• Intrapreneur

• ENtrepreneur

Name the entrepreneur