Entrepreneurial Opportunities in Tourism (Grade 11 NSC Matric Tourism): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
Entrepreneur
Entrepreneur
Someone who turns idea into successful business venture
3 tourism entrepreneur qualities
3 tourism entrepreneur qualities
Creative, Business-minded, Honest
Recognising opportunities
Recognising opportunities
Spotting gaps in the market
Risk acceptance in business
Risk acceptance in business
Understanding & accepting financial risks & responsibility
Niche market
Niche market
Specific segment of customers with particular needs
3 entrepreneur skill categories
3 entrepreneur skill categories
Basic skills, Thinking skills, People skills
Visualisation skill
Visualisation skill
Picturing how ideas will work in practice
Independence benefit of own business
Independence benefit of own business
Become your own boss, make decisions, control operations
Why tourism is people business
Why tourism is people business
Interact with customers, suppliers, employees, community
Business plan
Business plan
Document outlining how business will operate & succeed
