1. Enterprise

2. Characteristics Is an attribute or a trait that is part of you personality. It is innate as you are born with it. Examples include: confidence, independence, etc

4. Skills Is something that you learn over time with plenty of practice. Examples include: reading, writing, listening, communicating, etc.

5. Enterprise Characteristics MICRA Motivated Independent Innovative/creative Confident Risk Taker Ambitious Analytical

6. Enterprise Skills HIDRIP Human Relations Inner Control Decision Making Risk Taking Innovation Planning (Goal Setting) Problem Solving

7. Time Management  Is a skill that is used to make the best use of your time. You set goals You break the goals into tasks You prioritise You delegate (share out the work) Good time management reduces stress.

8. Risk Management Is a planned approach to managing possible chance happenings. All risks are identified eg. fire, theft, etc. The chance of the risk occurring is calculated, e.g. 1% = low risk, 50% = high risk Calculate the cost if the loss were to occurr. Calculate the cost of insuring the risk

9. Types of Risk Takers Risk avoiders - Will not take a chance at all Risk neutral - Will only take a risk if the reward and the chance of success is high Risk acceptors - Will take a chance even if the chance of success is small.

10. Types of Problem Solving Proactive Taking the initiative. Making the first move to solve a problem. Reactive Waiting for others to make the first move.

11. Networking This means making links of contacts with other stakeholders. This helps improve business opportunities. Examples include: meeting people at golf clubs, Lions club, etc.

12. Feedback Is the skill of using information gained from data, research or people. To judge the progress of a product or service. Example: Listening to customer suggestions or complaints.

13. Recall and Review What is Enterprise? List and explain five enterprise characteristics List and explain five enterprise skills Prioritise the skills/characteristics required to be an entrepreneur