Entrepreneurship and Goal Setting

What is an Entrepreneur?

• the process of recognizing an opportunity, testing it in the market, and gathering the resources necessary to go into business

• a new business undertaking that involves risk- requires a variety of skills

• an individual who undertakes the creation, organization, and ownership of a business

• Someone who starts a business

What are 3 potential risks of starting a business?

A small business has less than (a)   Employees

What is a manager responsible for? Check all that apply.

• Planning

• Organizing

• Finance

• Staffing

What is the definition of a hard skill?

• traits that make you a good employee

• teachable and measurable abilities

What is the definition of a soft skill?

• traits that make you a good employee

• teachable and measurable abilities

Why is it important to know your strengths and weaknesses?

What does the M stand for in SMART Goal?

(a)  

What is the definition of a benchmark?

• A goal that takes 3-5 years to achieve

• A goal that takes less than a year to achieve

• A goal to improve yourself

• Smaller goals that help you to achieve your overall goals

List 3 reasons why it is important to set goals.