All business investments carry an element of risk – which is the chance or probability that things will go wrong.
In business there is no such thing as a 'sure fire bet'.
Showing initiative is about taking decisions and being bold – not everyone is like that!
A business opportunity is identified and the person does something about it. Look again at two key words above – initiative and risk.Ī person who takes the initiative is someone who ' makes things happen'. Secondly, and perhaps more importantly, the word enterprise describes the actions of someone who shows some initiative by taking a risk by setting up, investing in and running a business. You will often come across the use of the word when reading about start-ups and other businesses…'Simon Cowell's enterprise' or 'Michelle set up her successful enterprise after leaving teaching'. The term 'enterprise' has two common meanings.įirstly, an enterprise is simply another name for a business.