your potential as an entrepreneur. why be an entrepreneur? objectives: 1. identify the rewards of...
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Your Potential As An Entrepreneur
Why Be an Entrepreneur?Objectives:
1. Identify the rewards of going into business for yourself.
2. Recognize the risks of going into business for yourself
The Main IdeaWhen you consider going into business for yourself, an important first step is to analyze the advantages and
disadvantages of entrepreneurship.
Rewards/Advantages of Entrepreneurship BEING YOUR OWN BOSS *MAKING ALL DECISIONS
DOING SOMETHING YOU ENJOY *BEING RECOGNIZED IN THE COMMUNITY
BEING CREATIVE
SETTING OWN HOURS/SCHEDULE
HAVING JOB SECURITY
KEEPING ALL THE PROFITS
Risks/Disadvantages of Entrepreneurship WORKING LONG HOURS
UNCEERTAIN INCOME
LONELINESS
BEING FULLY RESPONSIBLE
RISKING YOUR INVESTMENT
SOLE LIABILITY
RISKING ONE’S INVESTMENT
Because of intense Competition, business ownership can be a difficult undertaking
RISKING ONE’S INVESTMENTThe biggest risk of being in a business is the possibility of losing your investment.
What Does It Take To Be An Entrepreneur?Objectives:
Identify the background, characteristics, and skills of successful entrepreneurs
Explain techniques that will improve your potential for becoming and entrepreneur
What Does It Take?Main idea: Before going into business, you should determine the
characteristics and skills needed to reach your goal of being successful.
Who Are Entrepreneurs?They are important to a nation’s economy. Why?
Researchers have done studies to see if they have any similar traits, experiences and skills.
BackgroundMany entrepreneurs were influenced early in life by a Role Model.
Twelve Characteristics of Successful Entrepreneurs
Section 2.2 What Does It Take to Be an Entrepreneur? 12
persistent
creative
responsible
inquisitive
goal-oriented
independent
self-demanding
self-confident
risk-taking
restless
action-oriented
enthusiastic
Ten Essential Entrepreneurial SkillsResearchers have identified 10 foundation skills
needed to be a successful entrepreneur.
Ten Essential Entrepreneurial Skills
Section 2.2 What Does It Take to Be an Entrepreneur? 14
communication
math
problem-solving
technology and computer
decision-making
organizing and planning
teamwork
social
adaptability
basic business
Build Your Potential As An EntrepreneurSuccessful Entrepreneurs Often Fit a Certain Profile
Strengthen Your Entrepreneurial Characteristics• Reading• Writing• Observing• Solving
Develop Your Entrepreneurial Skills
Section 2.2 What Does It Take to Be an Entrepreneur? 17
Learn the techniques needed to use the skill.
Put the skill to work in real-life situations.
Ask yourself if you get the results you want; if not, determine how you can improve.