Enterprise

Enterprise

Entrepreneurship is any attempt to start or do something new. It involves using your creativity and initiative to identify some need and then taking the steps to satisfy that need. Entrepreneurship involves taking risks including financial and personal risks. When it is a success, entrepreneurs are rewarded.
Examples of Entrepreneurs
1. Mary O'Brien set up Lily O'Brien's Chocolates
2. Anita Roddick set up The Body Shop
Characteristics of Entrepreneurs
1. Pro-active
2. Independant
3. Self'Motivated
4. Confidence
5. Need for achievement
6. Ruthless
7. Risk Taker
8. Creative
9. Decisive
Skills of Entrepreneurs
1. Human Relations
2. Time Management
3. Risk Management
  1. Risk Management Techniques
    1. Insurance
    2. Proper Training
    3. Security Measures
4. Decision Making
5. Reality Perception
6. Planning
Intrapreneur
1. An employee working within a business who shows enterprise. They use their initiative and thinks of a new idea to help the business they are working in without being asked to. They might give their employer an idea that reduces the business' cost and/or increases sales.
  1. Microsoft - XBOX
  2. Art Fry - 3M - Post It
Importance Of Enterprise
1. Business
  1. Provides drive to set up the business.
  2. Intrapreneurs
  3. Leads to the creation of wealth.
  4. Taxes paid can increase the number of grants for other entrepreneurs
2. Community
  1. Creates jobs
  2. Local people support the local business'
  3. Infrastructures in the local area improves
  4. Taxes help benefit pay outs

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	Created by donnarowe10 almost 11 years ago