1. Characteristics of Successful Entrepreneurs
Recall personal characteristics and skills needed for a successful entrepreneur.

2. What is an entrepreneur?
An individual who undertakes the risk associated with creating, organizing, and owning a business.

3. What makes up a good entrepreneur?
Characteristics:
Persistent
Creative
Responsible
Inquisitive
Goal-Oriented
Independent
Self-confident
Risk taker
Skills:
Communication Skills
Human Relation Skills
Math Skills
Problem-Solving and Decision-Making Skills
Technical Skills
Basic Business Skills

4. Personal characteristics of successful entrepreneurs
Persistent
Entrepreneurs work until a job is done.
They are determined to overcome problems and to pursue their goals in order to make their business successful.

5. Personal characteristics of successful entrepreneurs
Creative
Entrepreneurs are constantly looking for new ways to solve problems

6. Personal characteristics of successful entrepreneurs
Responsible
An entrepreneur is accountable for his/her actions and does what is required

7. Personal characteristics of successful entrepreneurs
Inquisitive
Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems.

8. Personal characteristics of successful entrepreneurs
Goal-oriented
Entrepreneurs develop a plan of action and must make decisions to help achieve that plan

9. Personal characteristics of successful entrepreneurs
Independent
Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision

10. Personal characteristics of successful entrepreneurs
Self-confident
Entrepreneurs believe in themselves

11. Personal characteristics of successful entrepreneurs
Risk taker
Entrepreneurs look for challenging opportunities. They are not afraid to take risks

12. Skills needed by successful entrepreneurs
Communication skills
Entrepreneurs need effective communication skills in order to gather the information necessary to organize and run their business. Entrepreneurs must develop writing, speaking, and listening skills

13. Skills needed by successful entrepreneurs
Human relations skills
It is essential that entrepreneurs be able to get along with others and enjoy meeting and talking to people

14. Skills needed by successful entrepreneurs
Math skills
Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements

15. Skills needed by successful entrepreneurs
Problem-solving and Decision-making skills
Entrepreneurs must make decisions and solve problems every day

16. Skills needed by successful entrepreneurs
Technical skills
Computer skills are essential in almost every business

17. Skills needed by successful entrepreneurs
Basic business skills
Entrepreneurs must have a basic understanding of how the economy works and of the fundamental concepts of finance, marketing, and management in order to help ensure the success of their business