Entrepreneurs Entrepreneurship

Entrepreneurs What do they look like? How can we identify an entrepreneur?

Famous Entrepreneurs Mark Zuckerberg

Famous Entrepreneurs Steve Jobs

Famous Canadian Entrepreneurs Guy Laliberte & Guy Caron

Famous Canadian Entrepreneurs Christine Magee

Famous Canadian Entrepreneurs Arlene Dickinson

What do Entrepreneurs do? ■ Bring together various resources in order to pursue a venture that addresses some need, want or problem in a innovative way ■ Have the ability to see what others have not seen and the courage and skill to act on the opportunities perceived

What do Entrepreneurs do? ■ Carefully weigh the opportunities against the risk before acting ■Bus Company-Young EntreprenuerBus Company-Young Entreprenuer

"Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” Victor Kiam Former CEO & President of Remington Products & owner of New England Patriots

What does that mean? ■Entrepreneur – a person who takes risks and organizes resources in order to satisfy needs and/or wants ■Entrepreneurship – the act of identifying opportunities and mobilizing resources to bring about change in order to operate a venture/business Homemade Ice CreamHomemade Ice Cream-Young Entrepreneur

Key Terms Venture - A business undertaking involving some risk, established with the expectation of gain or profit. Opportunity - Arises from a change or a trend that has resulted in the generation of a problem, need, or want. Risk - The chance of possible loss of money or reputation that entrepreneurs take when starting a new venture.

Entrepreneurial Characteristics ■ All entrepreneurs possess similar characteristics. Let’s list a few:

Entrepreneurial Skills ■ Having a skill means you have the ability to do something specific Carpenter -> woodworking skills Chef -> cooking skills ■ It is easier to learn a skill than it is to develop a characteristic ■ To be a successful, entrepreneurs need a variety of skills

Entrepreneurial Skills Interpersonal Skills Critical-thinking Skills Practical Skills Creative-thinking Skills Are essential for an entrepreneur to be successful.

Entrepreneurial Skills Interpersonal Skills 1. Communication 2. Relationships

Sk Entrepreneurial Skills Critical-thinking Skills Creative-thinking Skills Ability to: Solve problems by looking at a variety of solutions Make a decision and act on it Set goals Plan out how to achieve the goal and act out the plan Generate ideas Identify opportunities

Entrepreneurial Skills Practical Skills ( Planning-Research, Organizing, Directing, Controlling) This is the ability to use special tools designed for a specific job.

Fill in the profile and hand in to me _______! We will not be presenting, only I will see, so be honest :) Your Entrepreneurial Profile!