ENTREPRENEURS

• Entrepreneur: a person who sets up a business or businesses, taking on financial risks in the hope of profit
• Characteristics?


  -Motivate others

  -Willing to take calculated risks

  -Creative thinker/shows initiative

  -Has self confidence and a passion
• Making profits


  leads to increasing sales, more opportunities for profit
• Become famous

  being successful can lead to becoming famous
• Losing time


  you have to invest long periods of time to design the product or planning of business. If business fails time is wasted
• Losing money

  you have to invest considerable sum of money in the product of business.If money is lost the can bankrupt entrepreneur
• Why does the government encourage enterprise?

  encourages people to try their ideas in business to start their own instead of being unemployed
• reasons why the government encourages enterprise

  -Reduces unemployment

  -Competition ensures a healthy business environment

  -People motivated with ‘feel good’ attitude