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What is an Entrepreneur?

What is an Entrepreneur?. Unit 1: Lesson 1. Own Your Own. From what you ’ ve heard me say and personal experience, write a 1-2 sentence definition for the term: “ Entrepreneur/Entrepreneurship ”. Definition:.

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What is an Entrepreneur?

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  1. What is an Entrepreneur? Unit 1: Lesson 1

  2. Own Your Own • From what you’ve heard me say and personal experience, write a 1-2 sentence definition for the term: “Entrepreneur/Entrepreneurship”

  3. Definition: • Entrepreneur: an individual who undertakes the creation, organization, and ownership of a business. They accept the risks and responsibilities of business ownership to gain profits and personal satisfaction. • Who knows someone who owns their own business?

  4. Couple Extra Terms • Entrepreneurship: the “process” of recognizing an opportunity, testing it in the market, and gathering resources necessary to go into business. • Entrepreneurial: “acting” like an entrepreneur or having an entrepreneurial mind-set.

  5. Fun Facts • 90% of all businesses are small, with fewer than 100 employees. • 62% of these are based out a person’s home. • There are people out there to help. SBA, BBB, etc…

  6. Why own your own Business? Advantages: • Being Your Own Boss = Freedom! • Doing Something You Enjoy = Fun! • Opportunity to be creative = Innovate! • Set Your own schedule = Flexible! • Job Security = Control Your own Destiny! • Make More Money = Unlimited potential! • Recognized in the Community = Respect!

  7. Why not own your own Business? Disadvantages: • Working Long Hours = Exhausted… • Uncertain Income = Lack of Stability… • Being Fully Responsible = You are it… • Risking One’s Investment = Big Risk…

  8. So How can You become an Entrepreneur? • Most Entrepreneurs aren’t your average “Joe Shmoe” • They work hard and possess a set of specific qualities/characteristics that set them apart. • Never fear, they can be learned, developed, and practiced.

  9. Characteristics of a great Entrepreneur! Persistent Creative Responsible Inquisitive Goal-Oriented Independent Self-Demanding Self-Confident Risk-Taking Restless Action Oriented Enthusiastic

  10. Developing those Characteristics There are four great ways to work on and develop your Entrepreneurial skills. • Reading • Writing • Watching • Solving We are going to practice each.

  11. Do you love Cookies? • Wally Amos Did and created a cookie empire! • Let’s learn more about Wally, by reading, writing, solving problems, and watching.

  12. Continual Process • Over the Next few days we’ll be doing some activities to develop your Entrepreneurial skills and characteristics

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