All tle

• TLE


  Entrepreneurship-running a business of one's own
• Entrepreneur


  A person who starts, operates and takes risks of a business venture
• Elements of entrepreneurship


  • Innovation
  • Organization
  • Risk
  • Vision
• Human Resources


  • Responsible for finding, recruiting, screening and training job applicants
  • Handles management of money
• Natural resources


  Materials that are found in nature
• Technology


  • Key enabler for innovation and creativity
  • Businesses can create new products and services that can disrupt entire industries
  • Makes lives better
• Capital formation


  • Net capital accumulation during a period
  • An important thing for innovation
• Innovation


  Implementation of new ideas
• Factors of production


  • Land
  • Capital
  • Labour
  • Entrepreneur
• Land


  Uses natural resources to create a good or service
• Capital


  Man-made assets, machines and tools, buildings required for production
• Labour


  Includes not only physical work but also thinking and using skills
• Entrepreneur

  The ones who run a business, they are the people who take risk
• Characteristics of an entrepreneur


  • Hard working
  • Self-confident
  • Future-oriented
  • Profit-oriented
  • Goal-oriented
  • Persistent
• Capes with failure


  Learn from mistakes
• Discipline


  • Stick to the plan and fight temptation
• Committed


  Accepting full responsibility
• Change


  Nothing is permanent but change
• Creative


  • Demonstrates business
• Initiative


  Turn ideas to action
• People skills


  • Able to communicate
• Sound decision


  Combination of rational analysis
• Economy


  Production of go
• Employment


  State of being employed
• Enterprise


  Any activity that provides customers with products or goods
• Small business


  Independently owned and operated by the owner