4. O A person who is able to
recognise an unfulfilled
need in the community,
and use this opportunity
to start a profitable
business. Success is not
guaranteed but an
entrepreneur is prepared
to take the risk.
O A person who is
employed by an
organisation. They
identify business
opportunities in the
community and turn
those into either a
product, service or
concept by using the
existing resources of the
company. They make a
profit for the company.
5. O They start their own
business.
O Finds new products or
opportunities in the
community.
O Thinks of new ideas or
ways of doing things.
O Selected by the business
owner to manage an
existing business.
O Finds new
products/services or
opportunities for an
existing business in the
community or the market
they are in.
6. O Organises and controls
resources to ensure a
profit.
O Finances the business
themselves or organises
finance for the business.
O Has the knowledge and
skill to sell or produce a
new service or product.
O Organises and controls
resources for an existing
business to make a profit
for that business.
O Chooses to have the
security of earning a
regular salary and uses
the resources available
in an existing business.
