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Characteristic of entrepreneurs
- Entrepreneur = person who makes
their ideas happen
- Characteristic = personal quality
- Profit = financial reward
revenue - costs
- Regulations = rules businesses must follow
e.g. laws made by parliament, regulations
made by organisation to regulate an industry
- capital investment = spending on
equipment & premises
- Working capital = money funding
the business to run
- Entrepreneurial characteristic
- Initiative = acting without being told
what to do or someone starting for you
- Hard-working= willing to work long
hours and do difficult tasks
- Resilience = ability to deal with
tricky situations
- Creative = original ideas
- Self-confident = belief in own ideas
- Calculated risks = risks you have
considered the probability of success or
failure for
- Initiative = acting without being told
what to do or someone starting for you
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