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Related Flashcards
Related Topics
Cards In This Set
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What is risk-taking?
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Every business faces risks from time to time. In order to minimize/limit these risks entrepreneurs must plan, research and anaylze data carefully
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What is perceptive?
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When you view every problem as a challenge or an opportunity
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What is curious?
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They want to know how things work and take the time to figure stuff out and pursue the unknown
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What is imaginative?
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Entrepreneurs think outside of the box and come of with ideas that allow them to create new products
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What is persistent?
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Entrepreneurs face many problems through out their daily lives, but must stay strong towards them and see their venture capital, the dream of it!
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What is goal-setting?
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Once they achieve thier goals set out to form more goals
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What is hard-working?
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Need a great deal of energy to see a venture start and succeed. Don't let the long hours get them disheartened to not achieving their goals
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What is self confident?
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Have no doubts and believe in themselves :)
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What is flexible?
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Must be flexible inorder to adapt to trends, technologies and economic changes.
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What is independent?
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Entrepreneurs want to control and make decisions about everything. This disallows them to work in a controlled enviornment.
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What are 3 relevant sources of information?
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Books, internet and professionals, schools
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What is useful information?
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After the information has been gathered it must be prioritized and sorted to the most useful to the least. During this stage ideas for new ventures may come to the entrepreneur
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What are some management skills that entrepreneurs need?
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Controlling, directing, organizing, planning
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What is planning in entrepreneurship?
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Create marketing plans/financial plans for their business
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What is organization in entrepreneurship?
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Time management is key in entrepreneurship
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