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E N T R E P R E N E U R S H I P

E N T R E P R E N E U R S H I P. Standards. BCS-BE-9: The student demonstrates an understanding of the importance of developing and organizing a successful business plan.

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E N T R E P R E N E U R S H I P

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  1. ENTREPRENEURSHIP

  2. Standards • BCS-BE-9: The student demonstrates an understanding of the importance of developing and organizing a successful business plan. • BCS-BE-10: The student recognizes and demonstrates an understanding of the unique characteristics, traits and concepts of the successful entrepreneur. • BCS-BE-16: The student evaluates sole proprietorships as a form of business.

  3. Standards (CONT.) • BCS-BE-17: The student evaluates the different types of partnerships as a form of business. • BCS-BE-18: The student evaluates the different types of corporations as a form of business. • BCS-BE-19: The student chooses the most appropriate form of business ownership for any planned business. • BCS-BE-20: The student evaluates franchising as a form of business ownership

  4. Essential Questions • Why is it important to identify the characteristics of a successful entrepreneur? • What are the common characteristics of desirable entrepreneurial personality traits? • How would you identify your own personal traits that are typical characteristics of an entrepreneur? • Why do you feel that you would or would not make a successful entrepreneur?

  5. What is an entrepreneur? • Definition: an entrepreneur is a person who launches and runs his or her own business.

  6. What is entrepreneurship? • DEFINITION: The process of running a business of one’s own

  7. Let’s chat… • What do you think of when you hear the word entrepreneur? • Would you like to be an entrepreneur?

  8. Skills Entrepreneurs Need • Management Skills • Technical Skills • Conceptual Skills • Human Relations Skills • Communication Skills • Problem-solving Skills

  9. Advantages • Being your own boss • Showing expertise and creativity at skills • Working from home • Gaining profit • Doing something you love

  10. Disadvantages • Total responsibility for the business • Long hours • Financial risks (due to irregular income and investments)

  11. Let’s discuss even more… • Entrepreneurs can fail even if they are committed and have the characteristics needed to be successful. Why do you think this can happen? • Why is it important for entrepreneurs to choose a field that they will enjoy? • Do you think the advantages of entrepreneurship outweigh the disadvantages? Why or why not?

  12. Do YOUhave what it takes?!?!?

  13. Well…let’s find out!!! • Self-assessment • What Is Your Business Assignment • Write down your entrepreneurial strengths: • Your entrepreneurial weaknesses: • How do you think you will perform as an entrepreneur? • What is your dream business? • If you could do any kind of business in the world what would it be? • Think about things that you are good at or things that you would like to do. • In 10 lines or more, describe what this business would be.

  14. Have a FANTASTIC FRIDAY!!!

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