Entrepreneurship
The role of the entrepreneur: An entrepreneur is someone who takes the financial risk of starting and
managing a new business venture. People who set up their own new business show skills of
entrepreneurship. They have:
• an idea for a new business
• invested some of their own savings and capital
• accepted the responsibility of managing the business
• accepted the possible risks of failure.
Successful entrepreneurs are: innovative, committed and self-motivated, multi-skilled, have leadership skills,
believe in oneself (vision), and risk takers.
Entrepreneurship / Intrapreneur
what is an intrapreneur? It is an entrepreneur who turns ideas into profitable products and services as an
employee of a company.
Differences between entrepreneur and intrapreneur
Entrepreneur Intrapreneur
owners and/or operator of organization employees of organization
takes substantial risks takes medium to high risks
Visionary Innovative
reward with profit reward with pay and remuneration
responsibility for workforce(labour) accountability to the owner/operator
failure incurs personal cost failure is absorbed by the organization
Question for this topic (answers are in the last page)
1. Differentiate between entrepreneurs and intrapreneurs
2. distinguish between costumers and consumers of a business
3. Describe the four business sectors of the economy
4. what is meant by sectoral change?
The role of the entrepreneur: An entrepreneur is someone who takes the financial risk of starting and
managing a new business venture. People who set up their own new business show skills of
entrepreneurship. They have:
• an idea for a new business
• invested some of their own savings and capital
• accepted the responsibility of managing the business
• accepted the possible risks of failure.
Successful entrepreneurs are: innovative, committed and self-motivated, multi-skilled, have leadership skills,
believe in oneself (vision), and risk takers.
Entrepreneurship / Intrapreneur
what is an intrapreneur? It is an entrepreneur who turns ideas into profitable products and services as an
employee of a company.
Differences between entrepreneur and intrapreneur
Entrepreneur Intrapreneur
owners and/or operator of organization employees of organization
takes substantial risks takes medium to high risks
Visionary Innovative
reward with profit reward with pay and remuneration
responsibility for workforce(labour) accountability to the owner/operator
failure incurs personal cost failure is absorbed by the organization
Question for this topic (answers are in the last page)
1. Differentiate between entrepreneurs and intrapreneurs
2. distinguish between costumers and consumers of a business
3. Describe the four business sectors of the economy
4. what is meant by sectoral change?
