Terms in this set (21) Entrepreneurship. The process by which individuals pursue opportunities without regard to resources they currently control. Entrepreneur. Some common stereotypes are that an entrepreneur is someone who is lucky, highly charismatic, and greedy and often that they are just "born". John Miner.UNCTJB11. Study with Quizlet and memorize flashcards containing terms like Successful entrepreneurs have______and perserverance, A person who works for someone else, You must assess each business___ by asking yourself questions and more.A. corporate entrepreneurship B. profit making C. corporate governance D. social responsibility E. mentorship, The word "entrepreneur" was originally used to describe people who "_______" between buyers and sellers. A. take on the risk B. sell goods C. act as an intermediary D. facilitate an exchange E. act as a go-between and more.Terms in this set (38) Entrepreneurship. The process of recognizing an opportunity, testing it, and gathering the resources. Entrepreneurs. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Small business. An independently owned business that has the owner as a manager.Study with Quizlet and memorize flashcards containing terms like Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a: a.business portfolio. b.SWOT analysis. c.mission statement. d.business plan. e.competitive analysis., Celine has an unwavering belief in her new start-up company. She ...Terms in this set (21) Entrepreneurship. The process by which individuals pursue opportunities without regard to resources they currently control. Entrepreneur. Some common stereotypes are that an entrepreneur is someone who is lucky, highly charismatic, and greedy and often that they are just "born". John Miner.A new business should be based on an entrepreneur's individual interests because the entrepreneur must. dedicate as many hours as needed to the work. Study with Quizlet and memorize flashcards containing terms like To be successful, an entrepreneur must be willing to invest money, considerable effort, and, What must an entrepreneur assume when ...Terms in this set (37) An entrepreneur is someone who starts and runs their own business. To be entrepreneurial means to think or act like an entrepreneur. A risk is a chance of losing something. When starting a business, entrepreneurs face the risk that the business may not be successful. A Business Plan is an overview of your business goals ...Study with Quizlet and memorize flashcards containing terms like to undertake, Joseph Schumpteter, Entrepreneurship and more. ... Also known as displacement, this theory argues that entrepreneurship occurs when people are displaced from their regular business routines by political, cultural, or economic forces.entrepreneurs are born, not made. At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes to be an entrepreneur. He also refers to the "Miles Davis" test. Considering these, and the psychological and personal toll that entrepreneurs endure, would lead you to conclude that:A (n) _________ is a person who starts a new business and assumes all the risks and rewards of running the business. Entrepreneur. Which of the following statements about entrepreneurs is FALSE? Entrepreneurs aren't exposed to any risk when starting a …Chapter 6 Review. What is the difference between an entrepreneur and entrepreneurship? Click the card to flip 👆. An entrepreneur is someone who takes a risk in starting a business to earn a profit whereas; entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business. Click the card to flip ...Some examples include phone, Internet, and electricity. professional services. Examples of these expenses can include accountant and lawyer fees. Study with Quizlet and memorize flashcards containing terms like 2 types of businesses, An entrepreneur is a person who _____ a business venture., Ten entrepreneurial traits and more.Entrepreneurship. Is simply a merging of Technology and Entrepreneur skills. Technopreneur. people who are intelligent, determined, creative, technology savvy, and passionate about dealing with risk and functions as a team. Technopreneurship. person with various skills in marketing, communication, and strategy has the potential demand for goods ...Study with Quizlet and memorize flashcards containing terms like _____ is among the personality characteristics commonly found among entrepreneurs. A) External locus of control B) Inflexibility C) Self-confidence D) Low self-reliance, When an entrepreneur is comfortable with uncertainty and willing to take risks, these are indicators of someone …Study with Quizlet and memorize flashcards containing terms like an ___ is someone who risks his or her wealth time and effort to develop a product or service for profit, not true definition of a small business, the sba focuses on offering assistance to and more.An entrepreneur is someone who starts from an idea and builds a new business, which often involves taking a financial risk. To do that, one must be innovative and creative, but also very career-oriented, as this venture will likely consume most of their time, money, and energy.An entrepreneur should be very responsible, conscientious, and pay attention to detail.= 3 key elements: being innovative, taking risks and creating value. = a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk = a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. = An entrepreneur is an individual who, rather than working as an employee ...an entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. broad entrpreneurship. an entrepreneur is someone who discovers or recognizes opportunities and acts on them--they are an agent of change. These include opportunites outside the for-profit business sector (social, military, legal, …Study with Quizlet and memorize flashcards containing terms like Who is an entrepreneur who never dwells on past mistakes, has a high tolerance for stress, is highly adaptable and is always looking for the 'next big thing'? a. Opportunist b. Serial entrepreneur c. Jack of all Trades entrepreneur d. Wantrepreneur, An entrepreneur refers only to someone who develops their own business.Study with Quizlet and memorize flashcards containing terms like Social entrepreneurs are committed to both good business and: a. positive social change b. big profits c. non-profit goals d. swaying political opinion of consumers e. improving the natural environmental, What percentage of women entrepreneurs have employees? a. Five b. Twenty c. …Study with Quizlet and memorize flashcards containing terms like • Entrepreneur, Risk, Lifestyle Entrepreneur and more. ... a person who starts up and takes on the risk of a business. Click the card to flip 👆 ...for entrepreneurs there is little difference between work and play. opportunity to reach your full potential. entrepreneurs see their business as a vehicle of self expression of personal desire and eventual self actualization of their personal goals - the pinnacle of their career success`. opportunity to reap extraordinary profits.Entrepreneurship. An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. about entrepreneurs. Entrepreneurs play a key role in any economy, using the skills and ...- When someone recognizes an opportunity for something new and acting on it separates an entrepreneur from small business owner. - An entrepreneur is someone ...Study with Quizlet and memorize flashcards containing terms like What best describes an entrepreneur? a. A person who knows how to evaluate which stocks to purchase. b. Someone who can expertly manage other people's investments. c. Someone who initiates and assumes the financial risk of a new business enterprise., The Factors an Entrepreneur Must consider When Selecting an Organizational Form ...What are the three commonly defined reasons that people become entrepreneurs? * desire to be their own boss. * desire to pursue their own ideas. *financial rewards. * revenge ex: Shrek. What is the definition of entrepreneurship? pursuit of opportunity without regard to resources currently controlled.a person who attempts to profit by risk and initiative Entrepreneurs key words -Organiser of production (J.B. Say, 1755) -Risk taker (J. Knight, 1920) -Creator of new products (J. Schumpeter, 1930) -Possession of certain personality traits (McClelland, 1960) -Alert to business opportunities (Kirzner, 1970)Study with Quizlet and memorize flashcards containing terms like A _____ is a quick description of your business that you use to explain it to potential investors., _____ are the operating expenses that a business must pay regardless of how many sales are made., _____ is a potential group of customers, people, or businesses that are able and willing …all U.S. employees in the workforce. According to the Harvard Business Review, the following are the 5 common traits of the successful entrepreneur EXCEPT: Attention to detail. The term "entrepreneurial DNA" means: The characteristics and traits of an entrepreneur. Attracting talent, investors, and ________ is typical of Builders.Some examples include phone, Internet, and electricity. professional services. Examples of these expenses can include accountant and lawyer fees. Study with Quizlet and memorize flashcards containing terms like 2 types of businesses, An entrepreneur is a person who _____ a business venture., Ten entrepreneurial traits and more.entrepreneurship. the process of recognizing or creating an opprotunity, testing it in the market, and gathering the resources necessary to go into business. economics. the study of how people choose to allocate scarce resources to fulfill their unlimited wants. free enterprise system.What do employees do that entrepreneurs don't? -complete tasks using skills they were hired to use. -usually work set schedules every week. -follow instructions. -have more stability than entrepreneurs do. -are usually offered health insurance, retirement, and other benefits. Study with Quizlet and memorize flashcards containing terms like What ...a. certainty of employment and income. 1. How is a serial entrepreneur different than a social entrepreneur?a. A serial entrepreneur is someone who starts multiple nonprofit ventures, while a social entrepreneur is someone who starts only one nonprofit venture.b. A serial entrepreneur is someone who focuses on solving a problem, while a social ...It is essential that entrepreneurs be able to get along with others and enjoy meeting and talking to people. Math skills. Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements. Problem-solving and decision-making skills.An entrepreneur is a person who _____ a business venture. B. assumes the risk for The process through which individuals see an opportunity, create and distribute a product or service, and hopefully make a profit is known as entrepreneurship.True. The word entrepreneur comes from the French word meaning "to undertake" T or F. True. Approximately 99% of all employers in the United States are considered small businesses. T or F. True. An aptitude is an ability a person has learned over time and can do well. T or F. False.what are the rewards of becoming an entrepreneur? profit - wealth creation, self actualisation (Maslow), financial freedom - gain satisfaction, take risks, meet people - social. what are the risks of becoming an entrepreneur? -failiure - not making a profit/bankruptcy, competition, someone steals an idea, external factors, stress/relationships.True or False: An entrepreneur is a person who owes money to a bank or other financial institution. False. ... Other Quizlet sets. Social Exam 3. 145 terms. amandeepkaur16. Amos 9 Set 2 Fletcher PBE. 78 terms. david_mcdonald78. 13.5 Brainstem. 21 terms. nicole_rae7. business unit 2. 14 terms. AWW0001.Study with Quizlet and memorize flashcards containing terms like According to the text, job interviewers often have certain questions in mind, even if they don't directly ask them. ... Listening c. Speaking d. Both listening and speaking e. Both accounting and speaking , An entrepreneur is someone: a. Who owns a business b. Whose goals include ...Study with Quizlet and memorize flashcards containing terms like Which of the following best describes an entrepreneur? A) a person who forms and operates a business B) a person who invests in an existing business C) a person who lends capital to a new business D) a person who derives a profit from a new or an existing business, Which of the following is a major form of conducting business?20 of 20. Quiz yourself with questions and answers for Entrepreneurship Test, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.something that is desired, not needed. Four Factors of Production: Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and. Enterprise (which brings all the previous resources together for production) Supply v. Demand Theory.Study with Quizlet and memorize flashcards containing terms like One of the indicators of the failure to anticipate roadblocks is lack of priorities, The easiest way to avoid the pitfall of no commitment or dedication is to designate that the venture is a hobby or a whim, An investment prospectus is the same as a business plan. and more.Study with Quizlet and memorize flashcards containing terms like Which one of the following is not a benefit of a business plan to the entrepreneur? a. Provides a comprehensive product-launch timetable. b. Allows the entrepreneur to view the venture critically and objectively. c. Quantifies objectives, providing benchmarks for comparing forecasts with actual results. d. Provides a ...Study with Quizlet and memorize flashcards containing terms like You're passionate about, True, Starts and runs their own business and more. ... An entrepreneur is someone who _____. Discovering your talents, passions, and values. The first step in finding your dream job is _____. Around; places.Study with Quizlet and memorize flashcards containing terms like a businessman, an entrepreneur, traits and more. ... criminal law deals with the wrong against a person, property, or society, focusing on crime. While civil law focuses on legal relationships between people and the protection of a person's rights and usually involves torts and ...Reason 4: Leadership failure at the top. Reason 5: Inability to build a profitable business model with proven revenue streams. founders. An entrepreneur who brings a new firm into existence. Franchisees. An entrepreneur whose power is limited by a contractual relationship with a franchising organization. entrepreneurial team.Employee. Someone who works for someone else who owns a business and is responsible for doing a specific job that was created by the entrepreneur. Entrepreneurial. To think or act like and entrepreneur. Economics. A social Science that studies how people satisfy their demand for goods (things you can buy) and services (things people do for a fee)An entrepreneur is someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it. There are three characteristics of entrepreneurial activity: Innovating. An entrepreneur offers a new product, applies a new technique or technology, opens a new market, or develops a new form of ...step 1: deciding to become an entrepreneur. step 2: developing successful business ideas. step 3: moving from an idea to an entrepreneurial firm. step 4: managing and growing the entrepreneurial firm. Study with Quizlet and memorize flashcards containing terms like three primary reasons people become entrepreneurs, four primary characteristics ...Study with Quizlet and memorize flashcards containing terms like The Burt's Bees product line grew from an idea for a lifestyle entrepreneurial venture into a major company., How is a serial entrepreneur different than a social entrepreneur?, Innovators make something new or see a problem that other people have not noticed. and more.Study with Quizlet and memorize flashcards containing terms like What must an entrepreneur do after creating a business plan? open the business finance the business file the right paperwork identify an opportunity, An entrepreneur would most likely be a low risk taker. spontaneous person with an unclear vision. person who works well alone. person who has a brief work week., What is one way for ...True. Most new business owners obtain start up money to finance their business from banks. False. Small businesses employ only 10 percent of U.S. workers. False. Successful entrepreneurs have many personal characteristics in common. True. An entrepreneur is someone who takes a risk by starting his own business. True.Let's start with the term entrepreneur. An entrepreneur is a person who creates, organizes and manages new business. It operates the business and assumes risk for its success. Some of the qualities an entrepreneur must have are initiator, passionate, accountable and responsible.Someone who works for someone else who owns a business and is responsible for doing a specific job that was created by the entrepreneur. Entrepreneurial. To think or act like and entrepreneur. Economics. A social Science that studies how people satisfy their demand for goods (things you can buy) and services (things people do for a fee) Risk.Study with Quizlet and memorize flashcards containing terms like Entrepreneurship is a personal journey that begins in the mind of the nascent entrepreneur., Entrepreneurs start businesses for many reasons, but the number one reason appears to be their need for independence and to create something new., The chances of success for a new business startup are determined primarily by the size of ...People who own, operate, and take the risk of a business venture. Tap the card to flip.- Extraversion is a highly debated personality trait of successful entrepreneurs as the outgoing and energetic nature of an extravert can be counterproductive ...An entrepreneur is a person who _____ a business venture. B. assumes the risk for The process through which individuals see an opportunity, create and distribute a product or service, and hopefully make a profit is known as entrepreneurship.Terms in this set (37) An entrepreneur is someone who starts and runs their own business. To be entrepreneurial means to think or act like an entrepreneur. A risk is a chance of losing something. When starting a business, entrepreneurs face the risk that the business may not be successful. A Business Plan is an overview of your business goals ...the ability to stick to rules of their own free will. Which statement defines perseverance? the steadfastness and commitment in achieving a goal. Read the sentence. Entrepreneurs construct a _ [blank]_ statement as a way to imagine their future plans for the business. Which word completes the sentence? XXX dream. try vision.Study with Quizlet and memorize flashcards containing terms like Francine is interested in starting a new financial services company where she will manage the investments of others. She wants to generate her own funding as well as lead the business once it gets started. Francine will assume all risks and rewards of the new enterprise. Francine would be …0.3% of people are entrepreneurs Business creation translates into 540,000 adults in the US Canada is less entrepreneurial - 0.23% ... Other Quizlet sets. Chapter Two: First Farmers (Hipsters) 13 terms. Slife4Life. pelvis and thigh evaluation. 43 terms. nickgornick. Medical Chapters 8-12. 99 terms. t_airola. mongals.28 terms. Scorer02. Preview. Human Resources. 43 terms. greatSababah. Preview. Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Solo self-employed individuals, Examples of a solo self-employed individual and more.Study with Quizlet and memorize flashcards containing terms like The classic entrepreneur is one who starts a new business based on an existing concept., ...Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who identifies _____, starts and grows a business, and assumes the _____ and rewards of the venture., Entrepreneurism is a fluid and dynamic process, one where you need to:, Entrepreneurs try to create value, while managing _____ resources in a changing, uncertain business environment. and more.9 terms. Ash_Fil. Preview. LO- Role of oral tradition and scriptures in major religion in SA. 9 terms. RixFamily. Preview. Study with Quizlet and memorize flashcards containing terms like What is social innovation ?, Define social problems, True/False In the past, social entrepreneurs were cast as humanitarians or saints and more.a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. Entrepreneurship is the development of a business from the ground, coming up with an idea and turning it into a profitable business.entrepreneur. a person who starts and owns a business. advertisement. a notice or announcement promoting a product or service that will be sold. profit. the money gained after all expenses have been paid. marketing. telling people what your product or service is and helping them understand why they would want or need it. monopoly.They have considerable responsibility. According to the article by Brooks, successful entrepreneurs are most interested in. personal fufillment. Study with Quizlet and memorize flashcards containing terms like According to Brooks's article, what was the main effect of entrepreneurship in China?, An entrepreneur is someone who, What must an ...A 13-year-old earns money by shoveling his neighbors' driveways in the winter. d. A church group holds a bake sale to fund an upcoming mission trip. d. A church group holds a bake sale to fund an upcoming mission trip. 8.1: Entrepreneurs rely the most on ______ to indicate that a business is successful. a. profits.Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work _____. That pays you a lot of money You're passionate about With nonprofits That's easy, You should always do research about the company you're applying for a job at or interviewing with. True False, An entrepreneur is someone who _____.An Entrepreneur starts something new and a Small business owner owns or starts a business that already has an existing model. Entrepreneurial venture is the creation of any business, organization, project, or operation of interest that includes a level of risk in acting on an opportunity that has not previously been establishedStudy with Quizlet and memorize flashcards containing terms like The classic entrepreneur is one who starts a new business based on an existing concept., Entrepreneurs do not need "people skills" to be successful., A green company aims at either protecting or improving the environment. and more.An entrepreneur is someone who develops an enterprise around an innovation. They manage the business and assume the risk for its success. An entrepreneur is defined by the personal risk they take in pursuit of a new business, innovation, or some other form of enterprise.Study with Quizlet and memorize flashcards containing terms like Francine is interested in starting a new financial services company where she will manage the investments of others. She wants to generate her own funding as well as lead the business once it gets started. Francine will assume all risks and rewards of the new enterprise. Francine would be …Merriam-Webster defines an entrepreneur as “one who organizes, manages, and assumes the risks of a business or enterprise.” What’s missing—or perhaps …Study with Quizlet and memorize flashcards containing terms like Entrepreneurs, Intrapreneurs, What are the roles played by entrepreneurs? and more. ... Explain managing people when setting up a new business. Some entrepreneurs run their businesses independently without the help of others. However, if a business is successful it will probably ...Study with Quizlet and memorize flashcards containing terms like An entrepreneur would most likely be interested in job security. financial gain. personal fulfillment. a flexible working environment., What must an entrepreneur assume when starting a business? that the correct location guarantees success that every product has a customer who wants it that clever market strategies may still fail ...entrepreneur. a person who starts and owns a business. advertisement. a notice or announcement promoting a product or service that will be sold. profit. the money gained after all expenses have been paid. marketing. telling people what your product or service is and helping them understand why they would want or need it. monopoly.b. Donna Cook started a cleaning service 10 years ago. c. Gwen Morgan manages The Secret Garden, a business owned by her sister. d. Elmer Olsen created Bayfield Apple Jam and distributes the jam nationally. c. Gwen Morgan manages The Secret Garden, a business owned by her sister.Study with Quizlet and memorize flashcards containing terms like 5 parts of the start up process, characteristics of a entrepreneur, What is entrepreneurship? and more.the ability to stick to rules of their own free will. Which statement defines perseverance? the steadfastness and commitment in achieving a goal. Read the sentence. Entrepreneurs construct a _ [blank]_ statement as a way to imagine their future plans for the business. Which word completes the sentence? XXX dream. try vision.1- Understand fully the concepts and principles of entrepreneurship. 2- Internalize and Live out the character traits that are common among successful entrepreneur. 3- acquire, develop, sharpen, and focus your entrepreneurial skills. Study with Quizlet and memorize flashcards containing terms like Entrepreneurial Skills, Skills, COGNITIVE ...Study with Quizlet and memorize flashcards containing terms like to undertake, Joseph Schumpteter, Entrepreneurship and more. ... Also known as displacement, this theory argues that entrepreneurship occurs when people are displaced from their regular business routines by political, cultural, or economic forces.record of information about an individual, from a French word meaning "to sum up" or a summary. what is an entrepreneur? is a person who sees a problem and starts a business to solve that problem, someone who starts and runs their own business. what are the characteristics of a entrepreneur? a visionary, disciplined, are passionate.Study with Quizlet and memorize flashcards containing terms like What is the definition of an entrepreneur? *someone who manages a business *someone who owns a business and makes profit off that business *someone who creates, owns, and runs a business *none of above, Which of the following is NOT true about an entrepreneur? * gets to act as his own boss *has ownership in the business ...Terms in this set (33) entrepreneurship. accepting the risk of running a business. Why people take the entrepreneurial challenge? opportunity, profit, independence, challenge. What does it take to be an entrepreneur? skills: self-directed, self-maturing, action-oriented, highly energetic, tolerant of uncertainty.B) getting fired. C) making a bad business decision. D) losing time with family. D. An intrapreneur is someone who. A) , Study with Quizlet and memorize flashcards containing terms like what is entrepreneur?, a person who , false. Study with Quizlet and memorize flashcards containing terms like Large businesses often have, , responsible for organizing the business. A new business should be based on an entrepreneur's i, They believe that the actions of others can control their fate. Entrepreneurs who mortgage their homes for, Four options for starting your own business. 1) Start from the ground up. 2) Buy an , Entrepreneurs start to create plans to make the dream a reality. Involves in sharing their ideas with other people, kn, entrepreneurship the process of recognizing or creating a, Who even is an entrepreneur? Entrepreneur (definition) Clic, 4. Harrod-Domar - the key factor in economic growth is thr, Study with Quizlet and memorize flashcards containi, Study with Quizlet and memorize flashcards containing terms like, A benefit of being an entrepreneur is. job security. financial, 25 of 25. Quiz yourself with questions and answers for M, Skill in non-verbal communication. 3. Skill in listening. 4. S, Study with Quizlet and memorize flashcards containing t, Study with Quizlet and memorize flashcards containing te, Terms in this set (38) Entrepreneurship. The process of recogniz.