Characteristic of entrepreneurs

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business chapter 1
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Characteristic of entrepreneurs
  1. Entrepreneur = person who makes their ideas happen
    1. Characteristic = personal quality
      1. Profit = financial reward revenue - costs
        1. Regulations = rules businesses must follow e.g. laws made by parliament, regulations made by organisation to regulate an industry
          1. capital investment = spending on equipment & premises
            1. Working capital = money funding the business to run
              1. Entrepreneurial characteristic
                1. Initiative = acting without being told what to do or someone starting for you
                  1. Hard-working= willing to work long hours and do difficult tasks
                    1. Resilience = ability to deal with tricky situations
                      1. Creative = original ideas
                        1. Self-confident = belief in own ideas
                          1. Calculated risks = risks you have considered the probability of success or failure for
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