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Entrprenuership
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Term | Definition |
---|---|
Etiquette | Rules applying to acceptable behavior. |
Globalization | The rapid and unimpeded flow of capital, labor, and deals across national borders. |
Innovation | Something new, such as a new product, strategy, or process. |
Intrapeneur | Employee who channels creativity and innovation to develop |
Risk | The possibility of loss(failure) or gain (success). |
Traditional | Restaurants, shops, carpenters, hair salon/barber shop, mechanics, other companies that help the local community function. |
Growth potential | software development, apps, consulting, communication, marketing, development of medical equipment, business intelligence. |
project -oriented | sell ideas and concepts and not specific products |
Lifestyle | The business is not the essence of life, non profit |
Angel Investor | someone who provides start up money to new business |
business owner | delivers specialized products or services to those who need it in specific community |
deduction | tax write off |
flexibility | adaptability |
home based business | company in residential dwelling |
independence | ability to think on own |
managers | individuals responsible for coordination of resources to accomplish goals |
opportunity | circumstance present favorable means to meet objective |
passion | strong feeling of enthusiasm |
professional development | steps that individuals takes to enhance skills or traits needed to excel in career |
self awareness | knowing own strength and weakness |
self employeed | own boss |
skill | ability to perform a task through knowledge |
support system | network of individuals who offer assistance |
traits | characteristics |
entrepreneurial ventures | desire to innovate,grown, and create new value |
amount of wealth | small business owners start businesses to create jobs for the owners |
speed of wealth | small businesses can make a lot of profit over lifetime |
objectivity | viewing things in unbiased manner |
regulations | personal needs |