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Last updated 1:57 PM on 4/2/24
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6 Terms

1
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Entrepreneur

An individual who creates a business and bears associated risks.

2
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Entrepreneurship

Derived from the French word 'intrependre,' meaning "to undertake"; key to innovation, productivity, and effective competition.

3
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Contribution to Economic Growth

Involves developing new markets, discovering new sources, establishing new technology and products, and generating jobs.

4
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Traits of an Entrepreneur

Includes being adaptable, decisive, self-aware, persistent, innovative, having foresight, and being self-assured.

5
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Attributes of Practicing Entrepreneurship

Encompasses willingness to learn, problem-solving skills, risk-taking attitude, goal-setting, networking abilities, and financial management expertise.

6
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Elements Defining Entrepreneurial Lifestyle

Involves zest for life, time for family and private life, personal goals aligned with business objectives, financial success, knowledge, skills, attitude, motivation, determination, practicality, independence, flexibility, resiliency, and a systematic approach.