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Business Studies

Enterprise

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An entrepreneur needs to be able to turn an idea into a successful business.

Enterprise

What is enterprise?

Enterprise is a skill. Put simply, enterprise is the willingness of an individual or organisation to:

The studio used in BB2 programme 'Dragon's Den'

The contestants on 'Dragon's Den' need to demonstrate enterprise skills

  • Take risks. Setting up a new business is risky. Even if the entrepreneur has carefully researched the market, there's always a chance that customers may reject the product and that a loss will be made.
  • Show initiative and 'make things happen'. Successful entrepreneurs have the drive, determination and energy to overcome hurdles and launch new businesses.
  • Undertake new ventures. An entrepreneur has to have the imagination to spot business opportunities that will fill gaps in the market.

Enterprise is carried out through the work of an entrepreneur. To see enterprise skills in action, watch presentations given during an episode of the BBC’s Dragon's Den.

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