Vocabulary
Person who seeks a profitable opportunity and takes neccesary risks to set up and operate a business
What is an Entrepreneur?
A person who recognizes societal problems and uses business principles to develop innovative solutions.
What is a Social Entrepreneur
They typically conceive new ideas for goods and services and the devise innovative ways to overcome difficult problems and situations.
What is Creativity?
What is Seed Capital
A person who starts a business to reduce working hours and to create a more relaxed lifestyle.
What is a Lifestyle Entrepreneur?
A document that outlines a company’s goals, its strategies to achieve them, and how it will operate.
What is a business plan?
A person who starts on business, runs it, and then starts and runs additional businesses in succession.
What is a Serial Entrepreneur?
Overall idea for how to make their business idea a success, and then they passionately pursue it.
What is Vision?
Borrowed money that must be repaid
What is Debt Financing?
The will and ability to keep trying.
The process if promoting innovation within the structure of an existing organization.
What is Intrapreneurship?
A person who identifies a business opportunity and allocates available resources to tap that market.
What is a Classic Entrepreneur?
The ability to take on the uncertainties associated with launching a venture.
What is a Tolerance for Ambiguity?
Business firms or groups of individuals that invest in new and growing firms in exchange for ownership shared.
Wealthy individuals who invest money directly in new ventures in exchange for equity
What are Angel Investors?