Vocab1 withaudio 1
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Transcript of Vocab1 withaudio 1
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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.
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Vocabulary
• entrepreneurs• entrepreneurship• employees
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Entrepreneurship
Many small businesses in the U.S. are ownedand operated by people who have createdtheir own companies.
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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.
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They provide a service or product to meet thoseunmet needs.
Entrepreneurs identify unmet needsin the marketplace.
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Employees vs. Entrepreneurs
• employeesAre people who work for someone else. Earnings they make for the businessgo to the owner, not to the employee.