Entrepreneurs Entrepreneurship. Entrepreneurs What do they look like? How can we identify an...

Entrepreneurs

Entrepreneurship

Entrepreneurs

What do they look like?

How can we identify an entrepreneur?

Famous EntrepreneursMark Zuckerberg

Famous EntrepreneursSteve Jobs

Famous CanadianEntrepreneursGuy Laliberte & Guy Caron

Famous CanadianEntrepreneursChristine Magee

Famous CanadianEntrepreneursArlene Dickinson

What do Entrepreneurs do?■ Bring together various resources in order to

pursue a venture that addresses some need, want or problem in a innovative way

■ Have the ability to see what others have not seen and the courage and skill to act on the opportunities perceived

What do Entrepreneurs do?■ Carefully weigh the opportunities against

the risk before acting

■ Bus Company-Young Entreprenuer

"Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.”

Victor Kiam Former CEO & President of Remington Products & owner of New England Patriots

What does that mean?■ Entrepreneur – a person who takes risks

and organizes resources in order to satisfy needs and/or wants

■ Entrepreneurship – the act of identifying opportunities and mobilizing resources to bring about change in order to operate a venture/business

Homemade Ice Cream-Young Entrepreneur

Key Terms

•Venture - A business undertaking involving some risk, established with the expectation of gain or profit.

•Opportunity - Arises from a change or a trend that has resulted in the generation of a problem, need, or want.

•Risk - The chance of possible loss of money or reputation that entrepreneurs take when starting a new venture.

Entrepreneurial Characteristics■ All entrepreneurs possess similar characteristics. Let’s

list a few:

Entrepreneurial Skills■ Having a skill means you have the ability to do

something specific Carpenter -> woodworking skills

Chef -> cooking skills

■ It is easier to learn a skill than it is to develop a characteristic

■ To be a successful, entrepreneurs need a variety of skills

Entrepreneurial SkillsInterpersonal Skills

Critical-thinking Skills

Practical Skills

Creative-thinking Skills

Are essential for an entrepreneur to

be successful.

Entrepreneurial Skills

Interpersonal Skills

1. Communication

2. Relationships

SkEntrepreneurial Skills

Critical-thinking Skills

Creative-thinking Skills

Ability to:

•Solve problems by looking at a variety of solutions

•Make a decision and act on it

•Set goals

•Plan out how to achieve the goal and act out the plan

•Generate ideas

•Identify opportunities

Entrepreneurial Skills

Practical Skills(Planning-Research, Organizing, Directing,

Controlling)

This is the ability to use special tools designed for a specific job.

Fill in the profile and hand in to me _______! We will not be presenting, only I will see, so be honest :)

Your Entrepreneurial Profile!