The Entrepreneur as an Individual Built by Stambaugh/2009 Jeff Stambaugh Dillard College of Business/Rm 257A

Entrepreneurs are born, not made Survey Says Built by Stambaugh/2009

Will You? Built by Stambaugh/2009

Why Would You Built by Stambaugh/2009 Flexibility Autonomy

Why Would You (2) Built by Stambaugh/2009 Create Love

Why (3) Built by Stambaugh/2009 Decent Living Wealth

What words describe a successful entrepreneur? Built by Stambaugh/2009 ■ Hard worker / passionate ■ Risk-taker ■ Tenacious failure failure ■ Optimistic / self-confident ■ Tolerates ambiguity / uncertainty (decisive) ■ Alert to opportunities (visionary) ■ Achievement oriented ■ Learner (open to new experiences) ■ Socially adept (persuasive / promoter)

Close = Fail Built by Stambaugh/2009

Business Competencies Built by Stambaugh/2009 ■ Opportunity recognition ■ Industry knowledge ■ Basic business skills ■ Resource accumulation skills ■ Leadership skills It is how you THINK that most often separates entrepreneurs from others

Professionalism Built by Stambaugh/2009 ■ Minimal ■ Specialized ■ Expert

ENT Teams Built by Stambaugh/2009 ■ Spouses ■ Family businesses ■ Role conflict ■ Succession ■ “Unrelated” but complementary (or not)

ENT Trajectories Built by Stambaugh/2009 ■ Occasional (part-time; not their day job) ■ Habitual (this IS their job) ■ Spiral or helical ■ Growth ■ Harvest

Another Way to Type ENTs Built by Stambaugh/2009 ■ Novice ■ Serial ■ Portfolio

How about you? Built by Stambaugh/2009 ■ Your motives? ■ Scoring the CSI ■ More info on yourself ■ MBTI at Counseling Center (free … I think) ■ Strenghtsfinder (online and at bookstore) Is all of this stuff fixed / permanent?

Thoughtful Feedback Built by Stambaugh/2009 ANONYMOUS! 1) What are your personal strengths for E-Ship? 2) What are your personal weaknesses for E-Ship? 3) I found this class to be _____________ (fill in the blank)

Takeaways Built by Stambaugh/2009 ■ No such thing as “the” entrepreneurial personality ■ But there are certain common traits ■ Different trajectories “fit” different traits and objectives ■ You CAN change … but only if you want to!