Entrepreneur Profile
Behind every business is an entrepreneur. Learn what entrepreneurs are like, why they take the plunge, and how they weigh the risk of enterprise against the reward.
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Who is an entrepreneur? 💡
Every business starts with an **entrepreneur**: a person who sets up and runs a business, bringing together the money, people and ideas, and taking on the **risk** in the hope of making a **profit**. The entrepreneur is the **enterprise**, one of the four factors a business needs. This module looks at what entrepreneurs are like and why they do it.
What entrepreneurs are like 🧠
Successful entrepreneurs tend to share certain qualities:
Risk and reward ⚖️
Running a business is a gamble. The entrepreneur weighs what they could lose against what they could gain:
Match the quality to its meaning 🔗
- Hard-working
- Innovative
- Organised
- Risk-taking
- Willing to put in long hours and effort
- Full of new ideas and ways of doing things
- Able to plan and manage time, money and people
- Willing to invest without a guaranteed return
An entrepreneur trait? 🔍
Which of these is a characteristic of a successful entrepreneur?
- Being innovative and full of new ideas
- Avoiding hard work
- Being disorganised
- Never taking any risk
Reasons to start up 🚀
People become entrepreneurs for many reasons. Some want to be their **own boss** and have **flexible hours**. Some want to **pursue an interest** or **earn more money**. Others spot a **gap in the market**, or are simply **dissatisfied** with their current job.
Match the reason to its meaning 🔀
- Be your own boss
- Fill a gap in the market
- Pursue an interest
- Dissatisfaction
- Wanting to make your own decisions
- Spotting a need no business is meeting
- Turning a hobby or passion into a job
- Being unhappy in a current job
Reasons to start up? ✅
Select the TWO reasons a person might start their own business.
- To have more flexible hours
- To fill a gap in the market
- To get a guaranteed, steady wage
- To avoid all risk
From idea to business 🪜
An interactive activity.
Complete the profile 🧩
An _____ is a person who sets up a business. They are the _____, one of the four factors of production. They take a _____ in the hope of making a _____. A common reason to start up is to be your own _____.
Spot the true statements 🖍️
An interactive activity.
Read the entrepreneur 🧭
An interactive activity.
Profile an entrepreneur ✍️
An interactive activity.