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Entrepreneurship And Business Management N4 Pdf

On Tuesday, April 6, 2021 2:05:09 PM

This Edition: January. Entrepreneurs do this by identifying an unfulfilled need in the marketplace, utilise the opportunities to gather the necessary resources, are willing to take calculated risks and live with uncertainties in order to be rewarded with making a profit. Given this definition, the following key elements can be identified: Start a new or take ownership of an existing business Identify unfulfilled needs Utilise opportunities Gather the necessary resources Willing to take calculated risks Live with uncertainty Making a profit 9. We therefore pay our attention to the concept Intrapreneur and the distinction will become clear. Intrapreneurs Intrapreneurs are employed by large businesses and enjoy the benefits and security of earning a regular income.

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