1. Entrepreneurs

• What does it mean to be enterprising

  To be enterprising means to be able to spot a good business opportunity and have the vision and drive to make the business succeed. The entrepreneur has to be prepared to take calculated risks.
• What are 3 characteristics of an entrepreneur

  An entrepreneur needs to have leadership qualities and planning skills

  An entrepreneur needs to have self confidence and passion about their venture

  An entrepreneur needs to be willing to take calculated business risks
• Why does the government encourage enterprise

  The government encourages enterprise as it is it reduces unemployment this results in less unemployment benefits being paid out

  Another reason is that it provides fresh employment opportunities resulting in more income tax being paid
•   Explain one nature and one reward of risk taking

  One nature of risk taking is stress it could cause health issues due to long hours and lack of sleep

  One reward of risk taking is independence and the ability to be your own boss and make all your own decisions