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 calculatedrisks.
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
