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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

What is an Entrepreneur?

Unit 1: Lesson 1

own your own
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
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?
couple extra terms
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.
fun facts
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…
why own your own business
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!
why not own your own business
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…
so how can you become an entrepreneur
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.
characteristics of a great entrepreneur
Characteristics of a great Entrepreneur!

Persistent

Creative

Responsible

Inquisitive

Goal-Oriented

Independent

Self-Demanding

Self-Confident

Risk-Taking

Restless

Action Oriented

Enthusiastic

developing those characteristics
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.

do you love cookies
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.
continual process
Continual Process
  • Over the Next few days we’ll be doing some activities to develop your Entrepreneurial skills and characteristics