Entrepreneur - a person.

People who own, opperate, or risk in business ventures

Entrepreneurship - a business run by an entrepreneur. Process of running a business on one’s own

“entreprendre” French word = “to undertake” / “to take on”

5 Characteristics of Entrepreneurs
1. Motivation - they put effort in what they’re doing
2. Passion - they love what they’re doing
3. Vision - they are futuristic
4. Confident - they are confident with their product, services offered, and their selves
5. Decision-making - you get to decide what you want to do

Types of Entrepreneurs
Based on Risk
1. Innovative - they make new ventures
2. Imitative - they imitate but still add some revisions
3. Fabian - they refuse to innovate because of the factors
4. Drone - they have choice but refuse to innovate

Based on the Type of Business

1. Agricultural - deals with agriculture, cultivation, and selling of products
2. Manufacturing - the process from raw to final product
3. Trading- involves wholesaling, retailing, dealing

Based on Ownership
1. Corporate - they have their own corporation
2. Private - they build and own. Sole Owner
3. State - owned by the government
4. Joint - partnership between the people and the set

Advantages of Entrepreneurship
1. You are your own boss
2. You can choose the business that interest you
3. You can be creative
4. You can make a large sum of money

Disadvantages of Entrepreneurship
1. Risky
2. Face uncertain and irregular incomes
3. Work long houses
4. Make decisions by themselves