What is the difference between an entrepreneurial skill and an entrepreneurial characteristic?

Self-Confident Entrepreneurs are realistic in what they can accomplish Believe in themselves and in their ability to succeed Set attainable goals and approach them with confidence

Perceptive Entrepreneurs are intuitive. They know what is going on. Able to identify problems and find solutions

F1gur471v3ly 5p34k1ng? Good example of a Brain Study: If you can read this you have astrong mind: 7H15 M3554G3 53RV35 7O PR0V3 H0W 0UR M1ND5 C4N D04M4Z1NG 7H1NG5! 1MPR3551V3 7H1NG5! 1N 7H3 B3G1NN1NG17 WA5 H4RD BU7 N0W, 0N 7H15 LIN3 Y0UR M1ND 1SR34D1NG 17 4U70M471C4LLY W17H 0U7 3V3N 7H1NK1NG4B0U7 17, B3 PROUD! 0NLY C3R741N P30PL3 C4N R3AD 7H15. PL3453 F0RW4RD 1F U C4N R34D 7H15.

Hard-working Long hours Need mental and physical stamina Balance work/life balance

Motivated Driven by an internal need to accomplish Seek opportunities for success

Resourceful Ask questions Develop a broad network of associates who can help them overcome obstacles

Able to Manage Risk Challenge or Problem? Take only calculated risks

Creative Look at things in a new way Take charge in shaping our world

Goal-oriented Work towards goals 1, 5, 10 year goals

Optimistic Positive mental attitude

Flexible Adjust to changes

Make own decisions, make own mistakes Be person in charge

Visionary Have a vision of how things should be in the future

Able to Get Along with Others Build an effective team

Assignment: Review the entrepreneurial characteristics and skills we covered. Pick five skills you have demonstrated in your life. Write a short paragraph for each explaining how you accomplished this skill or characteristic. This will be a communication mark and will be done on the class computer this class. Go to Mr. Haering’s website. haering/home

Google.ca Student Google passwords have not been changed for this year. Whatever the students set their passwords to previously is what they are. If a student has never logged into Google then their default password is s (where is their student id, eg s224713) Going forward, if a student wants to change their Google Password, they will reset their Computer Password (also known as their Active Directory (AD) Password) as they have been linked together. Scenario 1 - student changes their Computer password If a student changes their computer password by logging in to a Board Computer and hitting CTRL-ALT-DEL and selecting Change Password then whatever they set their password to on the computer will also be their new Google Password. Scenario 2 - student wants to change their Google password If a student wants to change their Google Password then they will have to do it by changing their Computer password as per the above example. Scenario 3 - student forgets their Google password If a student does not know their Google password but knows their Computer Password, then they can change their Computer Password and it will become their Google password as well.

Entrepreneurial Skills

Communicate Listen Speak Write Non-verbal

Generate Ideas

Identify Opportunities

Organize

Make Decisions

Solve Problems

Negotiate

Network

Market Your Ideas

Keep Records Financials Orders / Sales

Lead others Create a vision and then communicate that vision to others

Technology Use a: –Computer –Fax Machine –Photocopier –Telephone System –Security System

Administrative Duties

What Makes an Entrepreneur Tick?

Most Important achieve a sense of personal accomplishment be own boss have an element of variety and adventure use training and skills freedom to adopt my own approach to work troubleshoot and grow the business

What Makes an Entrepreneur Tick? Least Important continue family tradition do the only thing I can contribute to the welfare of my ethnic group

The Enterprising Person

Define: Enterprising Employee?

Enterprising Employees Defined Enterprising Employees: –show initiative, –have ideas and –do something about them, or –take advantage of opportunities to bring about change.

Enterprising Employees Defined Being enterprising is: –not just concerned with starting your own business (entrepreneur); It is: –about developing the skills that you need to make you innovative and commercially aware. Where you make things happen. (intrapreneur).

How Does an Entrepreneur Differ from an Enterprising Person?

Enterprising people have most of the characteristics and skills of an entrepreneur but work for a company, not themselves. Reason: They often do not want to take the financial risk to own their own business.

How do Employers Support Enterprising Employees This is a review of Chpt 1

Create a workplace culture where employees feel their input is valued and where the employee can learn from his or her mistakes Provide tools needed to achieve desired results Provide them with meaningful work opportunities

Provide alternative work arrangements: flex-time; telecommuting Support employees with benefit packages that are tailored to the needs of the employee

What could an enterprising person do around our school? Create a group of 4 Get a large piece of flip chart paper Brainstorm all the different opportunities within the school community a person could do to demonstrate their enterprising spirit.

What could an enterprising person do around our school? Each group is given a large piece of flip chart paper and asked to brainstorm all the different opportunities within the school community a person could use to demonstrate their enterprising spirit. Some possible responses for volunteer activities could be representing your school on a sports or academic team, being part of a club, acting in a play, and being a member of student council. Paying jobs at the school could be answering phones in the office and scoring sports games.

What Motivates You to Excel? Why are some people so motivated while others are not? WHY?

MOTIVATION: the forces within the individual that accounts for the level, direction, & persistence of effort expended at anything you do motivational speech

REWARDS: –Extrinsic Reward: is given to someone by another person –Intrinsic Reward: naturally occurs as a person works on a task Some People believe all it takes is a reward

Extrinsic RewardsIntrinsic Rewards. Pay. Bonuses. Promotions. Time Off. Special Assignments. Office Fixtures. Awards.Verbal Praise. Feelings of Competency. Personal Development.Self-Control

Extrinsic RewardsIntrinsic Rewards Performance bonuses Overtime & holiday premiums Profit sharing Stock options Impressive titles Preferred work assignments Praise and recognition Participation in decision making Increased responsibility Opportunities for personal growth Greater job freedom & discretion More interesting work Diversity of activities Training opportunities

SO…… –Does bribery work?????? –Why is it used so often?????

So…. What do you think? Would you work harder for a long period of time if you were promised a reward??

What Motivates You to Excel? Article and Video Clip –What Motivates You to Exceed Expectations –18 mins