1. Starting Your Own Business6
Chapter
Sections 6.1 – 6.5
Starting Your Own Business

2. What is an Entrepreneur?
An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business.
Differ from many small-business owners in their strong desire to make their business grow.
Willing to take risks.
Entrepreneurs differ from managers as they are willing to assume risk (financial, social, career). Entrepreneur.com is an excellent resource (click on link).

3. Why Choose to be an Entrepreneur?
Being Your Own Boss Make your own decisions
Financial Success Create your own wealth
Job Security Cannot get laid off
Quality of Life Wants flexibility and control
Entrepreneurs differ from managers as they are willing to assume risk (financial, social, career). Entrepreneur.com is an excellent resource (click on link).

4. Businesses Started by Entrepreneurs
Globalization, education, and information technology create many opportunities for entrepreneurs. Growth in entrepreneurship is a worldwide phenomenon.

5. The Environment for Entrepreneurs
Globalization
The rapid globalization of business has created many opportunities for entrepreneurs compete.
Education
100 U.S. colleges and universities offer entrepreneurship majors.
Universities are helping students launch businesses.
Many programs teach entrepreneurship to young people.
Educational opportunities have grown for entrepreneurs, and information technology has provided a big boost for entrepreneurs. Social media tools like Facebook, Twitter, and YouTube have transformed the business environment for entrepreneurs.

6. The Environment for Entrepreneurs
Information Technology
Technology has given entrepreneurs tools that help them compete.
Entrepreneurs have used information technology to revolutionize industries.
Demographic & Economic Trends
Immigrants
Adults aged 55-64
College students

7. Characteristics of Entrepreneurs
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

8. Characteristics of Entrepreneurs
entrepreneurs begin with an overall idea for how to make their business ideas successful
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

9. Characteristics of Entrepreneurs
a willingness to work hard
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

10. Characteristics of Entrepreneurs
entrepreneurs work hard because they want to excel
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

11. fearlessness in the face of difficult odds
Characteristics of Entrepreneurs
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.
fearlessness in the face of difficult odds

12. Characteristics of Entrepreneurs
entrepreneurs work hard because they want to excel
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

13. Characteristics of Entrepreneurs
entrepreneurs devise innovative ways to overcome difficult problems and situations
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

14. Characteristics of Entrepreneurs
entrepreneurs take in stride uncertainties
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.

15. Characteristics of Entrepreneurs
There are key characteristics that make up the entrepreneurial personality. Research shows that these traits include curiosity, passion, self-motivation, honesty, courage, and flexibility. These traits may increase a person’s chances of being a successful entrepreneur.
entrepreneurs believe they can control their own fates

16. Career Kickstart – page 165
End of Chapter video
Career Kickstart – page 165
Research Etiquette and Discuss w/ Class