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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!