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Entrepreneurship1.01
Key terms
Term | Definition |
---|---|
Entrepreneur | Person who founds a company, taking on high risk, in order to create a high growth enterprise |
Entrepreneurship | Setting up a business, taking on high risk with the hopes of generating a profit |
Venture | Risky undertaking |
Opportunity | Set of circumstances creating a possibility for a venture to be successful |
Small Business | Independently owned company that is limited in size and revenue |
Creativity | Use of original ideas |
Financing | providing funds for an enterprise or venture |
Image | impression that a person or organization presents to the general public |
Innovation | New or improved method, idea, or product |
Integrity | maintaining strong and consistent moral principles |
Management | process of controlling things or people |
Planning | Making plans |
Product | final good or service |
Resourceful | Having the ability to find quick and clever solution to problems or obstacles |
Resources | Money, materials, staff, and other assets needed in order for a company to function properly |
Service | Helping or doing work for someone(in most cases the end customer) |