Entrepreneurship CHAPTER 2 SECTION 2

 40% of entrepreneurs have a high school diploma or less  27% had some college; 33% had a college degree  62% had parents or close relatives who owned a business  Many were influenced early in life by a role model.  Successful entrepreneurs have the same characteristics: persistent, creative, responsible, inquisitive, goal-oriented, self-demanding, self- confident, risk-taking, restless, action-oriented, enthusiastic

 Foundation skills – skills that entrepreneurs use regularly in setting up and running a business  Skills essential to the process of creating a business:  Communication skills  Math skills  Problem-solving skills  Technical and computer skills  Decision-making skills

 Organizing and planning skills  Teamwork skills  Social skills  Adaptability skills  Basic business skills  Profile – set of characteristics or qualities that identifies a type or category of person

 Achiever – a person with a record of successes  Entrepreneurs are motivated by a need for achievement.  Traits of an achiever:  Be the best at whatever you do  Write your goals down  Pursue your goals  Accomplish the extraordinary  View setbacks as opportunities to learn and grow