Finding the Ultimate Idea Becoming an Entrepreneur

Objectives (Day 1) Define entrepreneurship Compare & contrast entrepreneurship to traditional employment Weigh the advantages and disadvantages of becoming an entrepreneur Identify common entrepreneurial characteristics Evaluate how entrepreneurial character traits influence career opportunities Use simulation to explore personality style and search possible careers choices Compare personality trait to specific occupations Research facts and typical day of job choices

What is an Entrepreneur? A person who owns, operates, and take risks in business Someone who sees an opportunity or unique idea and acts on it

Employees vs. Entrepreneurs Work for themselves Assume risk in decision-making Directly affected by the consequences of decisions Employees Work for someone else Decisions made and given by someone else Not directly affect by consequences

Advantages of Becoming an Entrepreneur You’re the BOSS! You like your job! You get to be CREATIVE! You can make lots of $MONEY$ !!!

Disadvantages of Becoming an Entrepreneur Risky Business Future is uncertain Uncertain/Irregular Incomes Debt Seasonal Businesses Work long hours Make all decisions alone

Would you want to be an Entrepreneur? Why or Why Not

Characteristics of an Entrepreneur Independent Want to make decisions Do something they enjoy Self-Confident Ability to make choices alone Bounce back ability Determined Persistent Need to achieve perspective

Characteristics of Entrepreneurs Goal-Oriented Set high standards for themselves Know what they want Able to focus on achieving their goal Creative Look for new solutions to problems Quick Actors Not afraid to make quick decisions against competitors

Meet the Entrepreneur Sat Bats The “Tie” Guy Baruch Shemtov Dustin Satloff

Dustin Satloff Age: 13 Business Purpose: Unique Idea: Competitive Edge Pursue a business around his passion for baseball Unique Idea: Bamboo Baseball Bats Competitive Edge Strong & long-lasting material Better for the environment

Baruch Shemtov Age: 16 Business Purpose Unique Idea: Competitive Edge: To offer peers a unique necktie to wear for school dress code Unique Idea: The Double-Tie Competitive Edge: Created a product that was unusual, didn’t exist, and people wanted to buy Networking Skills--Takashimaya Episode 112—Sisters http://bizkids.com/clip/profile-twin-sweets

Other Young Entrepreneurs Twin Sweets Karimkhani Sisters You’re on Deck Big Quil Enterprises Zombie Girl All Net Basketball Bag Family Funeral Service City Slips Fabulous Coach