• An entrepreneur is someone who takes a personal and financial risk to set up a business with the hope of making a profit.
• Entrepreneurs are often creative, risk-takers, flexible, goal-oriented and determined.
• Skills required to be a successful entrepreneur include planning, time management, communication, market knowledge and problem solving.
• Enterprise is the ability to generate an idea, identify an opportunity and take the risks needed to turn the idea into a business.
• Enterprise can be a positive force in a local community.
• The term economy describes how goods and services are produced, sold, and bought in a region or country.
• Entrepreneurs play a very important role in the Irish economy. • Entrepreneurship is the act of turning opportunities and ideas into value for society. • Enterprise can be financial, cultural or social. • A person who starts a business with a social goal is called a social entrepreneur.
Taking stock A
Go to page 90 of your Activities and Accounts Book to check what you have learned in chapter 13.
