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WorksheetsEntrepreneurship
Total questions: 20
Worksheet time: 10mins
Risk taker:-
The success of a new business is never guaranteed. An owner must be willing to take the risk of the company failing.
To truly understand how a business works an owner needs to be interested in finding out the “nuts and bolts” of the operation,
the need to be creative in order to come up with original solutions or ideas.
a&b are the answer
Perceptive: - Business will have various problems that the owner must be able to notice and be able to creative a solution to resolve the issue.
True
False
To truly understand how a business works an owner needs to be interested in finding out the “nuts and bolts” of the operation
Imaginative
Curios
Persistent
Imaginative: -
the need to be creative in order to come up with original solutions or ideas.
be able to creative a solution to resolve the issue.
A new business will take time to be successful. An owner must be willing to work through difficulties. They must try various strategies and not give up with the first failure.
Persistent
Hardworking
Flexible
Goal-setting
A business will grow only if the owner is not satisfied with their first success. They must continue to set new goals in order to focus the company on growing.
An owner must be dedicated and willing to work long hours in order for the business to be successful. (e.g. J.M. Schneider)
Hardworking
- A business will grow only if the owner is not satisfied with their first success.
An owner must be dedicated and willing to work long hours in order for the business to be successful. (e.g. J.M. Schneider)
Self-confident:
there are no guarantees in business so when change happens the owner must look as it as a chance for an opportunity to grow and not as a problem that can’t be solved.
Owners need to want to be in control and not told what to do in order to be able to make effective decisions in managing the business.
An owner must be able to overcome their self-doubts and convince themselves of the worth of attempting the nosiness. (e.g. Sir Richard Branson)
there are no guarantees in business so when change happens the owner must look as it as a chance for an opportunity to grow and not as a problem that can’t be solved.
Goal-setting
Flexible
Hardworking
Independent
A business will grow only if the owner is not satisfied with their first success.
Owners need to want to be in control and not told what to do in order to be able to make effective decisions in managing the business.
A new business will take time to be successful. An owner must be willing to work through difficulties
Research skills :-
Organizing, Planning
Gathering, Applying
Controlling,Directing
Staff relationship
what is gathering ? (i.e. Research skills)
Obtaining information form books, internet and databases about answers to questions dealing with advertising, distribution and product demand.
Owners need to want to be in control and not told what to do in order to be able to make effective decisions in managing the business.
Applying means...
To empower the staff with the belief that their work is valued. The goal is to encourage more initiative and self- direction.
To develop financial, production, and marketing plans.
Information can be used to solve problems or answers initial questions. Research should be aimed at finding a practical or realistic solution. (e.g. databases, Consultants, School extra courses in Business)
Planning (management skills)
To develop financial, production, and marketing plans.
To create detailed schedules, job descriptions and communication.
To empower the staff with the belief that their work is valued. The goal is to encourage more initiative and self- direction.
Organizing means : - To create detailed schedules, job descriptions and communication
true
false
To empower the staff with the belief that their work is valued. The goal is to encourage more initiative and self- direction.
Directing
Controlling
Controlling means : - To have budgets to control expense, the primary cause of business failure is the inability to control spending.
false
true
Staff relationship: - (relationship skills)
employees need to feel that they are valued and are being treated fairly. They vary on their motivations including money, job satisfaction and workplace culture.
Information can be used to solve problems or answers initial questions. Research should be aimed at finding a practical or realistic solution. (
Supplier Relationship:-
communication is the most t important skill in dealing the suppliers.
To develop financial, production, and marketing plans.
Customer relationship:
the boss of the entrepreneur is the customer. They need to make the customer feel important.
communication is the most t important skill in dealing the suppliers
