2. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 1 Lesson 1.2 Is Entrepreneurship Right for You? Goals Identify the characteristics of successful entrepreneurs. Identify the characteristics of good team members. Assess whether you have what it takes to succeed in your own business.

3. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 2 Terms self-assessment aptitude

4. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 3 Characteristics of Successful Entrepreneurs Successful entrepreneurs are: independent self-confident determined goal-oriented achievement-oriented

5. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 4 creative able to act quickly technologically savvy inclined to set high standards for themselves

6. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 5 Name three important characteristics of entrepreneurs.

7. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 6 Characteristics of Good Team Members Good team members display the following traits: commitment competency communication cooperation creativity

8. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 7 Why is it important for entrepreneurs to be good team members?

9. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 8 Are You Right for Entrepreneurship? self-assessment an evaluation of your strengths and weaknesses aptitude the ability to learn a particular type of job

10. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 9

11. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 10 Assess the Advantages of Entrepreneurship Advantages of entrepreneurship include: being your own boss choosing a business of interest to you being creative making large sums of money

12. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 11 Assess the Disadvantages of Entrepreneurship Disadvantages of entrepreneurship include: risk uncertain and irregular incomes long hours all decisions are made independently

13. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 12 What characteristics do you have that are best suited to entrepreneurship?