Enterprise and Entrepeneurs

What is an Enterprise?
1. A project or undertaking
What is an Entrepeneur?
1. A business owner or creator who has set up the business to make profit
  1. Risks of starting up a business
    1. Stigma of failure
    2. Lonliness
    3. Term of earning no money
    4. Potential unlimited liabilty
    5. Stress and pressure on personal life
2. Characteristics of a succesful entrepeneur
  1. Passionate
  2. Risk bearing
  3. Multi tasker
  4. Focussed
  5. Energetic and driven
  6. Visionary
Reasons for starting up a business
1. Money
2. More control over working life
3. Want to escape a boring job
4. Want to pursue a hobby or interest
5. want to be the boss
Rewards for the entrepeneur
1. Satisfaction of building business
2. Freedom of decision making
3. Control over working life
4. Capital gain
5. Potential income
What is opportunity cost?
1. The cost you are missing out on the next best alternative
2. The benefits that could of been gained by taking a different decision

Resource summary

	Created by Mingetron 4000 almost 11 years ago