What is an Entrepreneur?

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What is an Entrepreneur?

• Unit 1 Lesson 1

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Own Your Own

• From what youve heard me say and personal
  experience, write a 1-2 sentence definition for
  the term
• Entrepreneur/Entrepreneurship

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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?

4
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.

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Fun Facts

• 90 of all businesses are small, with fewer than
  100 employees.
• 62 of these are based out a persons home.
• There are people out there to help. SBA, BBB, etc

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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!

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Why not own your own Business?

• Disadvantages
• Working Long Hours Exhausted
• Uncertain Income Lack of Stability
• Being Fully Responsible You are it
• Risking Ones Investment Big Risk

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So How can You become an Entrepreneur?

• Most Entrepreneurs arent 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.

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Characteristics of a great Entrepreneur!

1. Persistent
2. Creative
3. Responsible
4. Inquisitive
5. Goal-Oriented
6. Independent

• Self-Demanding
• Self-Confident
• Risk-Taking
• Restless
• Action Oriented
• Enthusiastic

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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.

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Do you love Cookies?

• Wally Amos Did and created a cookie empire!
• Lets learn more about Wally, by reading,
  writing, solving problems, and watching.

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Continual Process

• Over the Next few days well be doing some
  activities to develop your Entrepreneurial skills
  and characteristics