What is the difference between an entrepreneurial skill and an entrepreneurial characteristic ?

1. What is the difference between an entrepreneurial skill and an entrepreneurial characteristic?

2. Characteristics of Successful Entrepreneurs

3. Self-Confident Entrepreneurs are realistic in what they can accomplish Believe in themselves and in their ability to succeed Set attainable goals and approach them with confidence

5. Perceptive • Entrepreneurs are intuitive. • They know what is going on. • Able to identify problems and find solutions

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7. Hard-working • Long hours • Need mental and physical stamina • Balance work/life balance

8. Motivated • Driven by an internal need to accomplish • Seek opportunities for success

9. Resourceful • Ask questions • Develop a broad network of associates who can help them overcome obstacles

10. Able to Manage Risk • Challenge or Problem? • Take only calculated risks

11. Creative • Look at things in a new way • Take charge in shaping our world

12. Goal-oriented • Work towards goals • 1, 5, 10 year goals

13. Optimistic • Positive mental attitude

14. Flexible • Adjust to changes

15. Make own decisions, make own mistakes • Be person in charge

16. Visionary • Have a vision of how things should be in the future

17. Able to Get Along with Others • Build an effective team

18. Entrepreneurial Skills

19. Communicate • Listen • Speak • Write • Non-verbal

20. Generate Ideas

21. Identify Opportunities

23. Organize

24. Make Decisions

25. Solve Problems

26. Negotiate

27. Network

28. Market Your Ideas

29. Keep Records • Financials • Orders / Sales

30. Lead others • Create a vision and then communicate that vision to others

31. Technology • Use a: • Computer • Fax Machine • Photocopier • Telephone System • Security System

33. Administrative Duties

34. Assignment: Review the entrepreneurial characteristics and skills we covered. Pick four characteristics and four skills you have demonstrated in your life. Create a chart. Write a paragraph or points for each explaining how you accomplished this skill or characteristic. You will have 20 minutes to complete this assignment. It must be handed in and marks will be allotted.

35. Assignment:Group Work: (create 6 groups) You have 15 minutes to brainstorm the TEN names of entrepreneurs in your community. Choose one entrepreneur from your list and record all of his/herentrepreneurial characteristics and skills. Use actual examples if possible. One person from your group will then share your findings with the rest of the class.

36. Assignment: • Entrepreneurial Profile: • Chris Wood, SupperWorks.com

37. What Makes an Entrepreneur Tick?

38. What Makes an Entrepreneur Tick? Most Important • achieve a sense of personal accomplishment • be own boss • have an element of variety and adventure • use training and skills • freedom to adopt my own approach to work • troubleshoot and grow the business

39. What Makes an Entrepreneur Tick? Least Important • continue family tradition • do the only thing I can • contribute to the welfare of my ethnic group

40. Assignment • Traits for an Entrepreneur • Rank the following as • M = Most Desirable • D = Desirable • U = Undesirable

41. Deborah Meaden, Dragons' Den (Part two) | Smarta video interview • Member of the British Dragon’s Den Team • http://www.youtube.com/watch?v=Iw-iDSs9rCQ • 9.24 min

42. The Enterprising Person

43. Define: Enterprising Employee?

44. Enterprising Employees Defined • Enterprising Employees: • show initiative, • have ideas and • do something about them, or • take advantage of opportunities to bring about change.

45. Enterprising Employees Defined • Being enterprising is: • not just concerned with starting your own business (entrepreneur); • It is: • about developing the skills that you need to make you innovative and commercially aware. Where you make things happen. (intrapreneur).

46. How Does an Entrepreneur Differ from an Enterprising Person?

47. Enterprising people have most of the characteristics and skills of an entrepreneur but work for a company, not themselves. • Reason: They often do not want to take the financial risk to own their own business.

48. How do Employers Support Enterprising EmployeesThis is a review of Chpt 1

49. Create a workplace culture where employees feel their input is valued and where the employee can learn from his or her mistakes • Provide tools needed to achieve desired results • Provide them with meaningful work opportunities

50. Provide alternative work arrangements: flex-time; telecommuting • Support employees with benefit packages that are tailored to the needs of the employee