What does it take to be an Entrepreneur?
An individual who founds and runs a business assuming all of the risks and rewards of the venture.
What is an Entrepreneur?
A necessity that the market cannot live without.
What is a Market Need?
This behavior is lacking the ability to behave with moral principles.
What is Unethical?
Goals which include how much money one hopes to earn with their business.
Financial Goals
A goal that is specific, measurable, attainable, realistic and time-bound.
What is a SMART Goal?
The desire to accomplish something, which involves hard work and determination.
What is Ambition?
Is not a basic life requirement and is not needed for survival.
Many customers and suppliers are more willing to work with entrepreneurs who act this way.
This is the action or activity of gathering information about consumers' needs and preferences.
What is Market Research?
Land, labor, and capital used to undertake an enterprise and achieve an outcome.
What are Resources?
The belief that hard work will have a benefit.
What is Work Ethic?
A thought or suggestion as to a possible course of action.
What is an Idea?
This is a document that outlines the company’s policies on the way you should conduct yourself at work or when representing your business.
What is a Code of Ethics?
Before you can start a business, you need to understand what is the __________, ___________, or___________________.
What is a need, want, or problem you are solving
When entrepreneurs fulfill responsibilities to their employees, the community, and/or the environment
What is Social Responsibility?
A particular ability to do something well and better than others.
What is a Skill?
An idea that can generate income, requires commitment of resources and involves exposure to risk.
What is an Opportunity
Entrepreneurs should try to develop ethical ________ ___________. (2 words)
What is workplace culture?
This is a specific group of consumers at which a company aims its products and services.
What is Target Market?
Money or assets that can be invested in a business to generate income.
What is Capital?
There is one thing that all entrepreneurs have in
common...
What is Passion?
These three things are required for an idea to be a good business opportunity.
What is
A Market
Money
Management
There will be difficult situations that arise where the ethical course of action will not always be clear.
What are ethical dilemmas?
You must be ___________ and handle the challenges you will face.
What is Adaptable?
These 4 are categories of social responsibility.
What is Environmental, Ethical, Philanthropic, and Economic?