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Entrepreneur

Junior Cert Skills, characteristics and key terms

TermDefinition
Creative/innovative Characteristic: Find new and better ways of doing something. they are able to adopt and idea from elsewhere to meet local needs
risk taker Characteristic: They understand the level of risk and if it is worth taking that risk or not.
Confident in one's ability Characteristic: Entrepreneurs have belief in their own abilities
Resilient Characteristic: Entrepreneurs can deal with setbacks.
Hard-working Characteristic: Entrepreneurs do what is needed to complete a task.
Decisive Characteristic: Entrepreneurs know when to stop, think and make a decision then commit to the decision
Goal-setting Skill: Involves planning and target setting.
People management Skill: Requires good communication and interpersonal skills . To get the best of people
Delegation Skill: Prioritises work and allows other to take some of the responsibility for it's completion.
Inner control Skill: Helps entrepreneur to take charge of their own destiny and believe in their ideas
Self-management Skill: Helps prioritise the entrepreneurs own time effectively and manage stress and recognise their weaknesses
Reality perception Skill: Helps entrepreneurs to see things clearly
Characteristics Keyterm: the special abilities that people are born iwht
Skills Keyterm: the abilities that people develop from education, training or experience
Enterprise Keyterm: starting something new, generate new ideas, identify opportunities. IT'S A FACTOR OF PRODUCTION
Entrepreneurs Keyterm: People who can identify a need or opportunity that is not being satisfied and takes a risk to satisfy that risk
Effects of enterprise Keyterm: Affects individuals, organisations and governments in a positive and creative way by creating employment and generating extra taxes.
Created by: shane237
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