Entrepreneurs, Ultrapreneurs, and Intrapreneurs

A set of flashcards summarizing key concepts about entrepreneurs, ultrapreneurs, and intrapreneurs, along with entrepreneurial qualities.

What is an entrepreneur?

An entrepreneur identifies a viable opportunity or idea, takes a risk to own and operate their own business with the aim of earning returns or rewards.

What distinguishes an ultrapreneur from a traditional entrepreneur?

An ultrapreneur has exceeded at entrepreneurship and positively impacts their family, friends, community, humanity, and country.

What are some examples of ultrapreneurs?

Oprah Winfrey, Richard Branson, and Bill Gates.

How does an intrapreneur differ from an entrepreneur?

An intrapreneur is an employee responsible for innovation within a company, taking no financial risks and using the company’s resources.

What is a key quality that entrepreneurs possess?

The ability to assess, act, and take on opportunities.

What does the term 'planner' refer to in the context of entrepreneurial qualities?

A planner makes decisions about actions to take in the future to achieve specific goals.

What does persistence mean in an entrepreneurial context?

The ability to continue with a course of action despite difficulties.

What does 'concern for quality' mean for an entrepreneur?

The need to work at high standards of quality and accuracy.

What is self-confidence in entrepreneurship?

The ability of the entrepreneur to trust in their own abilities, qualities, and judgment.

What is credibility in the context of entrepreneurship?

Building trust with customers and other stakeholders.