Key terms- Related to the Individual Entrepreneur

1. Departure points. The activities occurring when the venture is started.

2. Inventor. An individual who creates something new.

3. Locus of control. An attribute indicating the sense of control that a person has over life.

4. Moral-support network. Individuals who give psychological support to an entrepreneur.

5. Motivations. What causes people to do something.

6. Need for achievement. An individual’s need to be recognized.

7. Need for independence. Being one’s own bossCone of the strongest needs of an entrepreneur.

8. Professional-support network. Individuals who help the entrepreneur in business activities.

9. Role models. Individuals influencing an entrepreneur’s career choice and style.

10. Social status. The level at which an individual in viewed by society.

11. Work history. The past work experiences of an individual.