TERMS COMMONLY USED IN ENTREPRENEURSHIP
1.	**An entrepreneur**
 It refers to a person who has the ability to spot and evaluate business opportunities, gather the necessary resources, start a business and takes appropriate actions to ensure its success. For one to be called an entrepreneur, he or she must add value to the existing resources to produce goods and services. One who deals in buying and selling goods without adding more value to them is therefore simply a trader or a businessman but not an entrepreneur.

2.	**Entrepreneurship**
 This refers to the capacity required for identifying and generating innovative business ideas, mobilizing resources, organizing production of goods and services and marketing them. It involves interacting with the environment to add value to goods and services.

3.	**Business opportunities**
 These are prospects of going into successful business brought about by identifying gaps in the market or the market’s needs that are not being satisfied. Some indicators of viable business opportunities include availability of market, resources, highly expected returns on investments, etc.

4.	**Resources**
 This refers to endowments that may exist in an area or a locality, examples include human resources, financial resources, technological resources inform of machines, etc.