+ Entrepreneurship 12 Assessing Your Entrepreneurial Potential Mr.Jordan – Avon View High School.

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Presentation transcript:

+ Entrepreneurship 12 Assessing Your Entrepreneurial Potential Mr.Jordan – Avon View High School

+ Did you know that 97.4% of businesses in Nova Scotia have fewer than 50 employees?

+ 97.4%: The percentage of businesses in Nova Scotia considered small and medium 60,600: The number of self-employed individuals which has grown over the years and represents a significant percentage of total employment in our province 50%: 5-year survival rate for Small Businesses

+

+ Challenges Facing Young Entrepreneurs Experience Knowledge Funds No credit history No collateral

+ CHALLENGES FACING YOUNG ENTREPRENEURS Lack of money Lack of experience and knowledge Confidence Credit history Collateral No track record

+ CHALLENGES FACING YOUNG ENTREPRENEURS Red tape Energy Adults’ attitude (not taking you seriously) Skills Peer pressure Accurate self-assessment Establishing goals

+ How can an entrepreneur get experience? Part-time Summer work Volunteer School leadership positions

+ HOW TO GAIN EXPERIENCE BENEFITS FOR YOUR FUTURE BUSINESS - part-time job - summer job - volunteer work - school leadership positions - learn about infrastructures - develop contacts - networking - savings - firsthand knowledge

+ What skills have your learned in your past? Create a team of four people Use the chart paper and markers at the front of class Write down all the skills you have learned in your past experiences (combined list) The team with the longest, creative list wins…..