Title: Explain the concept of entrepreneurship.
Course: Entrepreneurship (12053-I) > Section: Understanding Entrepreneurship

Explanation should include the concept that an entrepreneur is an individual who undertakes the creation, organization, ownership, and risk of a for-profit or not-for-profit business/venture across career clusters. It should also address basic personal and societal benefits of entrepreneurship, as well as examples of local and national entrepreneurs.

Process/Skill Questions:

- Why would a person want to be an entrepreneur?
- What personality traits benefit an entrepreneur?
- What type of work ethic is needed to be a successful entrepreneur?
- Why are entrepreneurs often referred to as risk-takers? What are some risks involved?
- Why is innovation critical in entrepreneurship?
- How have entrepreneurs shaped the growth of the U.S. economy?