Your Potential As An Entrepreneur

Why Be an Entrepreneur? Objectives: 1. Identify the rewards of going into business for yourself. 2. Recognize the risks of going into business for yourself

The Main Idea When you consider going into business for yourself, an important first step is to analyze the advantages and disadvantages of entrepreneurship.

Rewards/Advantages of Entrepreneurship BEING YOUR OWN BOSS*MAKING ALL DECISIONS DOING SOMETHING YOU ENJOY*BEING RECOGNIZED IN THE COMMUNITY BEING CREATIVE SETTING OWN HOURS/SCHEDULE HAVING JOB SECURITY KEEPING ALL THE PROFITS

Risks/Disadvantages of Entrepreneurship WORKING LONG HOURS UNCEERTAIN INCOME LONELINESS BEING FULLY RESPONSIBLE RISKING YOUR INVESTMENT SOLE LIABILITY

RISKING ONE’S INVESTMENT Because of intense Competition, business ownership can be a difficult undertaking

RISKING ONE’S INVESTMENT The biggest risk of being in a business is the possibility of losing your investment.

What Does It Take To Be An Entrepreneur? Objectives: Identify the background, characteristics, and skills of successful entrepreneurs Explain techniques that will improve your potential for becoming and entrepreneur

What Does It Take? Main idea: Before going into business, you should determine the characteristics and skills needed to reach your goal of being successful.

Who Are Entrepreneurs? They are important to a nation’s economy. Why? Researchers have done studies to see if they have any similar traits, experiences and skills.

Background Many entrepreneurs were influenced early in life by a Role Model.

Twelve Characteristics of Successful Entrepreneurs Section 2.2 What Does It Take to Be an Entrepreneur? 12 persistent creative responsible inquisitive goal-oriented independent self-demanding self-confident risk-taking restless action-oriented enthusiastic

Ten Essential Entrepreneurial Skills Researchers have identified 10 foundation skills needed to be a successful entrepreneur.

Ten Essential Entrepreneurial Skills Section 2.2 What Does It Take to Be an Entrepreneur? 14 communication math problem-solving technology and computer decision-making organizing and planning teamwork social adaptability basic business

Build Your Potential As An Entrepreneur Successful Entrepreneurs Often Fit a Certain Profile

Strengthen Your Entrepreneurial Characteristics Reading Writing Observing Solving

Develop Your Entrepreneurial Skills Section 2.2 What Does It Take to Be an Entrepreneur? 17 Learn the techniques needed to use the skill. Put the skill to work in real-life situations. Ask yourself if you get the results you want; if not, determine how you can improve.