Business Studies (BUSS 1) Enterperise

Entrepreneur : An individual who takes the risk to start up a new business idea or projectEnterprise : The skill required by a business person which involves risk taking and the ability to make a new idea work

Reasons to become an Entrepreneur :  Gain profit Self Satisfaction Gain independence and have control of a business

Skills and Qualities required to become a successful entrepreneur : Open Minded Motivated Risk Taker Good Leadership 

Governments - Encourage entrepreneurs as it reduces the number of people on unemployment benefits, stops saving money which is good for an economy as there are no leakages, entrepreneurs will pay taxes such as Corporation tax. Support from the government: Grants Protection of new ideas (Patent - Trademark - Copyright) Allow access to advice and information

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