1. Chapter 2: Entrepreneurs and Enterprising People
Mr. Singh

2. Characteristics of successful Entrepreneurs
Self Confident :
Believe in themselves and their ability to succeed
They set attainable goals and approach them with confidence
Perceptive
Intuitive
They know what’s going on
Identify problems and find creative solutions

3. Characteristics of successful Entrepreneurs
Hard-Working
They need stamina that comes from good physical and mental health
They must balance work and friends & family
Motivated
Driven by their internal need for accomplishment
Always seeking opportunities for success

4. Characteristics of successful Entrepreneurs
Resourceful
They explore, ask questions, and use whatever resource they can to achieve goals
They often develop a broad network of associates who can help them with obstacles
Able to manage risk
They view risk as a challenge to be overcome
They take calculated risks
They take on risk because of the rewards involved if successful

5. Characteristics of successful Entrepreneurs
Creative
They look at the world in new and different ways
They don’t sit and wait for things to happen
They take charge in shaping the world
Goal-Oriented
They are determined to reach their goals
Once they reach it, they set new goals
They need to be accomplished which gives them momentum going forward

6. Characteristics of successful Entrepreneurs
Optimistic
They have a positive mental attitude
Minor setbacks don’t discourage them
They believe no matter how hard, they can win
Flexible
They are able to adjust to the market, technology, and to competition
If one idea doesn’t work, they look for another

7. Characteristics of successful Entrepreneurs
Independent
They enjoy their freedom
They can’t be managed by anyone
They often leave secure jobs to move out on their own
Visionary
They have a vision on how the future looks
This gives them strength to continue to step towards their goals
They need to be able to communicate their vision to others

8. Characteristics of successful Entrepreneurs
Able to get along with others
They gather a team around them, carefully choosing team members who will help their goal
They’re able to strategically pick people to work with and build an effective team

9. Entrepreneurial Skills
Communicate – listen, speak and write
Generate ideas
Identity Opportunities
Plan
Organize
Make decisions
Solve problems
Negotiate
Network
Market their ideas
Keep Records (Financial and others)
Lead Others

10. Questions
Identify situations in your own life where you have demonstrated any five of the characteristics and skills discussed
Brainstorm the names of some entrepreneurs in your community. List and record all the entrepreneurial characteristics and skills this person demonstrates?
If you could build an entrepreneur, what characteristics and skills would they posses and why? (Be detailed for this answer)