1. Section 1 Why Be an Entrepreneur?
Chapter 2
Your Potential as an Entrepreneur

2. Rewards of Entrepreneurship
Being Your Own Boss
Doing Something You Enjoy
Having the Opportunity to Be Creative
Having the Freedom to Set Your Own Schedule
Having Job Security
Making More Money
Being Recognized in the Community

3. Being Your Own Boss
Positives
Negatives

4. Doing Something You Enjoy
Positives
Negatives

5. Having the Opportunity to Be Creative
Positives
Negatives

6. Having the Freedom to Set Your Own Schedule
Positives
Negatives

7. Having Job Security
Positives
Negatives

8. Making More Money
Positives
Negatives

9. Being Recognized in the Community
Positives
Negatives

10. Risks of Entrepreneurship
Working Long Hours
Having an Uncertain Income
Being Fully Responsible
Risking One’s Investment

11. Risks of Entrepreneurship
Competition: The rivalry among businesses for consumer dollars.
Investment: The amount of money a person puts into his or her business as capital.
Capital: Includes the buildings, equipment, tools, and other goods needed to produce a product or the money used to buy these things.

12. Working Long Hours
Advantages
Disadvantages

13. Having an Uncertain Income
Advantages
Disadvantages

14. Being Fully Responsible
Advantages
Disadvantages

15. Risking One’s Investment
Advantages
Disadvantages

16. Section 2 What Does It Take to Be an Entrepreneur?
Chapter 2
Your Potential as an Entrepreneur

17. Who Are Entrepreneurs? 47% Under the age of 35
16% started their business before 25 years of age
Many Entrepreneurs were independent from an early age

18. Who Are Entrepreneurs? 40% Had a high school diploma or less
27% Had some College
33% had completed a college degree

19. Who Are Entrepreneurs? Many Entrepreneurs worked when they were young.
62% of Entrepreneurs had parents or relatives who owned a business
Many Entrepreneurs were influenced by a role model
Role Model: A person whose attitudes and achievements they tried to emulate.

20. Characteristics of Successful Entrepreneurs
Persistent: Willing to work until a job is done.
Creative: Look for new ways to solve old problems.
Responsible: Do not pass the buck.

21. Characteristics of Successful Entrepreneurs
Inquisitive: Want to know as much as possible about whatever affects their venture.
Goal Oriented: Set and achieve goals.
Independent: Want to make their own decisions.

22. Characteristics of Successful Entrepreneurs
Self-Demanding: Have high expectations.
Self-Confident: Believe in themselves.
Risk-Taking: Take risks, but they are not reckless.

23. Characteristics of Successful Entrepreneurs
Restless: After achieving goals, look for new challenges.
Action-Oriented: Doers, not spectators.
Enthusiastic: Energetic and passionate about their pursuits.

24. 10 Essential Entrepreneurial Skills
Communication Skills
Math Skills
Problem Solving Skills
Technology and Computer Skills
Decision-Making Skills
Organizing and Planning Skills
Teamwork Skills
Social Skills
Adaptability Skills
Basic Business Skills

25. Strengthening Your Entrepreneurial Characteristics
Profile: A set of characteristics or qualities that identifies a type or category of person.
Achiever: A person with a record of successes.

26. Strengthening Your Entrepreneurial Characteristics
Set out to be the best at whatever you do.
Try to accomplish the extraordinary
Write you goals down on paper
Pursue your goals with confidence and commitment.
View difficulties as opportunities to learn and grow.

27. Develop Your Entrepreneurial Skills
Learn the techniques needed to use the skill.
Put the skill to work in real-world situations.
Ask yourself whether you get the results you want
(If not, determine how you can improve and apply what you’ve learned)