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

What is the difference between an entrepreneurial skill and an entrepreneurial characteristic ?. Characteristics of Successful Entrepreneurs. Self-Confident. Entrepreneurs are realistic in what they can accomplish Believe in themselves and in their ability to succeed

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

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  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

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

  5. F1gur471v3ly 5p34k1ng? Good example of a Brain Study: If you can read this you have astrong mind: 7H15 M3554G3 53RV35 7O PR0V3 H0W 0UR M1ND5 C4N D04M4Z1NG 7H1NG5! 1MPR3551V3 7H1NG5! 1N 7H3 B3G1NN1NG17 WA5 H4RD BU7 N0W, 0N 7H15 LIN3 Y0UR M1ND 1SR34D1NG 17 4U70M471C4LLY W17H 0U7 3V3N 7H1NK1NG4B0U7 17, B3 PROUD! 0NLY C3R741N P30PL3 C4N R3AD 7H15.PL3453 F0RW4RD 1F U C4N R34D 7H15.

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

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

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

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

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

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

  12. Optimistic • Positive mental attitude

  13. Flexible • Adjust to changes

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

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

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

  17. Entrepreneurial Skills

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

  19. Generate Ideas

  20. Identify Opportunities

  21. Organize

  22. Make Decisions

  23. Solve Problems

  24. Negotiate

  25. Network

  26. Market Your Ideas

  27. Keep Records • Financials • Orders / Sales

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

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

  30. Administrative Duties

  31. 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.

  32. 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.

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

  34. What Makes an Entrepreneur Tick?

  35. 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

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

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

  38. 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

  39. The Enterprising Person

  40. Define: Enterprising Employee?

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

  42. 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).

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

  44. 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.

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

  46. 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

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

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