Building your EntrepreneurshipVocabulary

Learning vocabulary is a very important part of understanding what you are learning. The more words you know, the more you will be able to understand what you hear and read; and the better you will be able to say what you want to when speaking or writing.

Vocabulary

• entrepreneurs• entrepreneurship• employees

Entrepreneurship

Many small businesses in the U.S. are ownedand operated by people who have createdtheir own companies.

What is an Entrepreneur?

• EntrepreneursA person who organizes and operates a business,taking on financial risk to do so.

• EntrepreneurshipIs the act of running your own business.

They provide a service or product to meet thoseunmet needs.

Entrepreneurs identify unmet needsin the marketplace.

Employees vs. Entrepreneurs

• employeesAre people who work for someone else. Earnings they make for the businessgo to the owner, not to the employee.