Knowledge Organiser Topic 1.1 Enterprise and Entrepreneurship
Knowledge Organiser Topic 1.1 Enterprise and Entrepreneurship
Financial Business
loss Success
Lack of Independence
security
An entrepreneur is someone who has an idea and takes risks. They manage business
decisions and organise resources.
QUESTION
Skills Qualities
What kinds of things would an entrepreneur need to plan before starting a car wash
business?
Listen well Determination &
Initiative – have a great
idea and want to take it ________________________________________________________________________
to the market
________________________________________________________________________
Good communication Resilient (bouncing back)
– may get many knock ________________________________________________________________________
backs before becoming a
success ________________________________________________________________________
Planning / thinking Hard working – they may ________________________________________________________________________
ahead have to put in MANY
hours at the start ________________________________________________________________________
Organise Willing to take risks – ______
many entrepreneurs
stake everything on their
idea
Persuade Decisive
Manage Leadership