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The Successful Entrepreneur. The Student will be able to . . . Define entrepreneurship Identify and analyze characteristics of a successful entrepreneur Identify the reasons for planning in entrepreneurial businesses Generate ideas for business. What is an Entrepreneur?.

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The successful entrepreneur

The Successful Entrepreneur

The Student will be able to . . .

Define entrepreneurship

Identify and analyze characteristics of a successful entrepreneur

Identify the reasons for planning in entrepreneurial businesses

Generate ideas for business


What is an entrepreneur
What is an Entrepreneur?

  • People who own, operate, and take the risk of a business venture.

  • Entrepreneurship is the process of running a business of one’s own.

  • Entrepreneurs try to identify the needs of the marketplace and to meet those needs by supplying a service or product.

  • Entrepreneurs assume risk.


Characteristics of successful entrepreneurs
Characteristics of Successful Entrepreneurs

Entrepreneurs are willing to work until a job is done, no matter how long it takes.

Persistent


Characteristics of successful entrepreneurs1
Characteristics of Successful Entrepreneurs

Entrepreneurs continually look for new ways to solve old problems.

Creative


Characteristics of successful entrepreneurs2
Characteristics of Successful Entrepreneurs

Entrepreneurs do not “pass the buck”. They take responsibility for their decisions and actions.

Responsible


Characteristics of successful entrepreneurs3
Characteristics of Successful Entrepreneurs

Entrepreneurs want to know as much as possible about anything that might affect their ventures. They conduct research and ask questions to solve problems.

Inquisitive


Characteristics of successful entrepreneurs4
Characteristics of Successful Entrepreneurs

Entrepreneurs decide where they want to go and then set out to get there.

Goal-Oriented


Characteristics of successful entrepreneurs5
Characteristics of Successful Entrepreneurs

Entrepreneurs want to set their own agendas and schedules. They want to make their own decisions.

Independent


Characteristics of successful entrepreneurs6
Characteristics of Successful Entrepreneurs

Entrepreneurs have high expectations of themselves.

Self-Demanding


Characteristics of successful entrepreneurs7
Characteristics of Successful Entrepreneurs

Entrepreneurs believe in themselves and act accordingly.

Self-Confident


Characteristics of successful entrepreneurs8
Characteristics of Successful Entrepreneurs

Entrepreneurs like to take risks, but they are not reckless. They seek opportunities that offer both a challenge and a reasonable chance of success.

Risk-Taking


Characteristics of successful entrepreneurs9
Characteristics of Successful Entrepreneurs

Once entrepreneurs achieve their goals, they begin looking for new challenges.

Restless


Characteristics of successful entrepreneurs10
Characteristics of Successful Entrepreneurs

  • Entrepreneurs are doers as opposed to spectators. They make decisions and act on them.

Action-Oriented


Characteristics of successful entrepreneurs11
Characteristics of Successful Entrepreneurs

Entrepreneurs are energetic and passionate about their pursuits.

Enthusiastic


Great resources
Great Resources

  • SBA.gov

  • Your Chamber of Commerce

  • Google Web Search = “Entrepreneur”


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