Enterprise (LC 2027) (Leaving Cert Business): Flashcards

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Skills and characteristics of entrepreneurs
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Define entrepreneur

Person who starts business, spots gaps, takes calculated risk

Characteristics vs skills difference

Characteristics=traits; skills=learnable practical abilities

Risk-taker characteristic meaning

Willing to take calculated risks; accept possibility of failure

Proactive characteristic meaning

Takes action without being told; creates opportunities

Innovative characteristic meaning

Applies new/improved ideas to create value

Decision-making skill meaning

Making clear, timely decisions based on available information

Delegation skill meaning

Assigning responsibility for specific tasks to others

Networking skill meaning

Building strong professional relationships to help business grow

Can entrepreneurial skills be learnt?

Yes, through experience, training, and education

Who founded Supermac's?

Pat McDonagh

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