Entrepreneurship Education Course Outline

Flashcards covering key concepts in the Entrepreneurship Education course.

Entrepreneurship

The means of stimulating innovative and creative undertakings for a better business community.

Entrepreneur

A person who identifies a business opportunity and obtains resources necessary to start a successful business.

Self-employment

Ownership of a business where the individual is responsible for all decisions and outcomes.

Salaried Employment

Working for another person (employer) under a set contract for a fixed wage.

Business Idea Generation

The process of coming up with new ideas for a business based on needs, skills, or market gaps.

Business Plan

A written document that outlines the goals and how to achieve them in a business.

Forms of Business Ownership

Legal structures for a business, including sole proprietorship, partnership, and corporation.

Entrepreneurial Culture

A societal mindset that embraces innovation and opportunity in business.

Emerging Trends in Entrepreneurship

New developments that influence entrepreneurial practices and opportunities.

Enterprise Social Responsibility

The responsibility of businesses to contribute positively to society and the environment.