1.1 Role of Business Enterprise and Entrepreneurship

• Entrepreneurial characteristics 


  • Risk-taking
  • Creativity
  • Confidence
  • Determination
• Risks of entrepreneurship:


  • Possibility of losing money
  • Strain can affect health
  • Time consuming
• Rewards of entrepreneurship:


  • Can make a lot of money
  • Independence
  • Self-satisfaction
• Enterprise


  Seeing an opportunity to provide a product or service that people are willing to buy

  e.g.; selling umbrellas when it’s raining.