What is a risk-taking behavior that results in new opportunities? Who is someone willing to pursue opportunities in situations others view as problems or threats? What is a plan for making a profit by generating revenues that are greater than costs?

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P a g e | 1 Chapter 6: Entrepreneurship and New Ventures Notes:  Entrepreneurship o Is risktaking behavior that results in new opportunities.  EX. H. Wayne Huizenga started Waste Management with just $5,000 and once owned the Miami Dolphins.  Classic Entrepreneur o Is someone willing to pursue opportunities in situations others view as problems or threats.  EX. Ann Patchett started a successful bookstore in Nashville, Tennessee, where Borders and Barnes & Noble.  Serial Entrepreneur o Starts and runs businesses and nonprofits