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Explore what it means to be an entrepreneur, characteristics they possess, risks they face, and incentives that drive them. Learn from famous entrepreneurs and assess your own entrepreneurial traits with a survey. Enhance your understanding of entrepreneurship now!
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Entrepreneurship Do Now: Read the article and be prepared to discuss. http://www.nydailynews.com
Aim: What is an entrepreneur? • What are some things entrepreneurs consider when starting a business? • What are some characteristics of entrepreneurs?
Entrepreneurs • An entrepreneur is a person who organizes and manages any enterprise, esp. a business, usually with considerable initiative and risk. • Do you know any entrepreneurs?
Risks and Incentives • Risks and Incentives are two major things entrepreneurs consider when thinking of starting up a business. • Risk- an exposure to injury or loss • Incentive- something that incites greater effort or productivity
Let’s Brain Storm! • What are some possible risks an entrepreneur may examine when starting a business? • What are some possible incentives an entrepreneur may examine when starting a business?
Common Characteristics of Entrepreneurs • Discipline • Calm • Attention to Detail • Risk Tolerance • Balance • What are some others?
How Entrepreneurial Are You? • Please take the following survey to assess your entrepreneurial characteristics. • How Entrepreneurial Are You?
Let’s Review! • What are 3 characteristics of an entrepreneur? • What is a possibly risky situation an entrepreneur might find himself/herself in? • What is something that may sway someone toward starting a business if they are on the fence about it?