what is an entrepreneur? unit 1: lesson 1. own your own from what you ve heard me say and personal...
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![Page 1: What is an Entrepreneur? Unit 1: Lesson 1. Own Your Own From what you ve heard me say and personal experience, write a 1-2 sentence definition for the](https://reader033.vdocuments.mx/reader033/viewer/2022061613/55150b6a550346c77d8b4836/html5/thumbnails/1.jpg)
What is an Entrepreneur?
Unit 1: Lesson 1
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Own Your Own
• From what you’ve heard me say and personal experience, write a 1-2 sentence definition for the term:
“Entrepreneur/Entrepreneurship”
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Definition:
• Entrepreneur: an individual who undertakes the creation, organization, and ownership of a business. They accept the risks and responsibilities of business ownership to gain profits and personal satisfaction.
• Who knows someone who owns their own business?
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Couple Extra Terms
• Entrepreneurship: the “process” of recognizing an opportunity, testing it in the market, and gathering resources necessary to go into business.
• Entrepreneurial: “acting” like an entrepreneur or having an entrepreneurial mind-set.
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Fun Facts
• 90% of all businesses are small, with fewer than 100 employees.
• 62% of these are based out a person’s home.
• There are people out there to help. SBA, BBB, etc…
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Why own your own Business?
Advantages:1. Being Your Own Boss = Freedom!2. Doing Something You Enjoy = Fun!3. Opportunity to be creative = Innovate!4. Set Your own schedule = Flexible!5. Job Security = Control Your own Destiny!6. Make More Money = Unlimited potential!7. Recognized in the Community = Respect!
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Why not own your own Business?
Disadvantages:1. Working Long Hours = Exhausted…2. Uncertain Income = Lack of Stability…3. Being Fully Responsible = You are it…4. Risking One’s Investment = Big Risk…
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So How can You become an Entrepreneur?
• Most Entrepreneurs aren’t your average “Joe Shmoe”
• They work hard and possess a set of specific qualities/characteristics that set them apart.
• Never fear, they can be learned, developed, and practiced.
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Characteristics of a great Entrepreneur!
1. Persistent2. Creative3. Responsible4. Inquisitive5. Goal-Oriented6. Independent
7. Self-Demanding 8. Self-Confident9. Risk-Taking10.Restless11.Action Oriented12.Enthusiastic
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Developing those Characteristics
There are four great ways to work on and develop your Entrepreneurial skills.
1. Reading 2. Writing3. Watching4. Solving
We are going to practice each.
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Do you love Cookies?
• Wally Amos Did and created a cookie empire!
• Let’s learn more about Wally, by reading, writing, solving problems, and watching.
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Continual Process
• Over the Next few days we’ll be doing some activities to develop your Entrepreneurial skills and characteristics