PowerPoint Presentation Section 2.2 Pages 23-31

PowerPoint Presentation

Section 2.2Section 2.2 Pages 23-31Pages 23-31

What you’ll learnWhat you’ll learn The background of The background of entrepreneursentrepreneurs

What characteristics are What characteristics are found in most entrepreneursfound in most entrepreneurs

2.2 What Does It Take To Be An Entrepreneur?

What you’ll learnWhat you’ll learn What skills are needed by What skills are needed by entrepreneursentrepreneurs

How to strengthen your How to strengthen your entrepreneurial entrepreneurial characteristicscharacteristics

How to develop your How to develop your entrepreneurial skillsentrepreneurial skills


Why it’s importantWhy it’s important You need to develop the You need to develop the characteristics and skills that characteristics and skills that are helpful to entrepreneurs.are helpful to entrepreneurs.


Key TermsKey Termsrole modelrole model

foundational skillsfoundational skills

InternetInternet

profileprofile


I. BACKGROUNDI. BACKGROUND

A.A. Entrepreneurs include a Entrepreneurs include a wide span of ages, wide span of ages, educational backgrounds, educational backgrounds, and personal histories.and personal histories.


B.B. Many entrepreneurs were Many entrepreneurs were influenced in life by a influenced in life by a role role modelmodel, , a person whose a person whose attitude and achievements attitude and achievements they tried to emulate.they tried to emulate.


II. CHARACTERISTICSII. CHARACTERISTICS

It takes certain trait and It takes certain trait and qualities to set up and run a qualities to set up and run a business.business.

A.A. Persistence Persistence

B.B. Creativity Creativity


C. C. ResponsibilityResponsibility

D.D. Inquisitiveness Inquisitiveness

E.E. Goal-oriented Goal-oriented

F. F. IndependenceIndependence

G.G. Self-demanding Self-demanding


H.H. Self-confidence Self-confidence

I.I. Risk-taking Risk-taking

J. J. RestlessnessRestlessness

K. K. Action-orientedAction-oriented

L.L. Enthusiasm Enthusiasm



III. SKILLSIII. SKILLS

A.A. Foundational skillsFoundational skills are math, are math, communication, and decision-communication, and decision-making skills that making skills that entrepreneurs use regularly entrepreneurs use regularly in setting up and running a in setting up and running a business.business.


B.B. Research has identified Research has identified certain skills needed by certain skills needed by entrepreneurs.entrepreneurs.

1.1. Communication skills Communication skills

2.2. Human relation skills Human relation skills


3.3. Math skills Math skills

4.4. Problem-solving and Problem-solving and

decision-making skillsdecision-making skills

5.5. Technical skills Technical skills

6.6. Basic business skills Basic business skills


C.C. One valuable research tool One valuable research tool for entrepreneurs is the for entrepreneurs is the InternetInternet, , a large computer a large computer network linking smaller network linking smaller computer networks computer networks worldwide.worldwide.


IV. BUILDING YOUR IV. BUILDING YOUR ENTREPRENEURIAL ENTREPRENEURIAL BACKGROUNDBACKGROUND

Entrepreneurial Entrepreneurial characteristics can be characteristics can be cultivated.cultivated.


Discussion Starter

Discuss: Successful people see failures as stepping stones; unsuccessful people see failures as road blocks.


V. DON’T WORRY ABOUT V. DON’T WORRY ABOUT YOUR BACKGROUNDYOUR BACKGROUND

A.A. Sharing background Sharing background profileprofile experiences with typical experiences with typical entrepreneurs increases the entrepreneurs increases the likelihood of one’s having a likelihood of one’s having a business.business.


B. B. A A profileprofile is a set of is a set of characteristics or qualities characteristics or qualities that identifies a type, or a that identifies a type, or a category of person.category of person.


C. C. A can-do attitude and a A can-do attitude and a genuine desire to go into genuine desire to go into business for one's self is far business for one's self is far more important than having more important than having a certain profile.a certain profile.


VI. STRENGTHENING VI. STRENGTHENING ENTREPRENEURIAL ENTREPRENEURIAL CHARACTERISTICSCHARACTERISTICS


A. A. With commitment and work, With commitment and work, characteristics can be characteristics can be strengthened and developed.strengthened and developed.


B. B. Entrepreneurial Entrepreneurial characteristics can be characteristics can be strengthened through certain strengthened through certain activities.activities.


1.1. Reading Reading

2.2. Writing Writing

3.3. Watching Watching

4.4. Practicing Practicing


VII. THREE STEPS TO VII. THREE STEPS TO FOLLOWFOLLOW

A.A. Determine the strength of Determine the strength of your entrepreneurial your entrepreneurial characteristics.characteristics.


Gauging your strengths can help you plan for success.Gauging your strengths can help you plan for success.


B. Make a conscious effort to think of entrepreneurial characteristics as habits to be changed.


C. Develop the characteristics in which you feel weak.


D. One's need for One's need for achievement can be achievement can be increased through certain increased through certain activities.activities.


1.1. Think like an achiever. Think like an achiever.

2.2. Use the language of Use the language of achievement.achievement.

3.3. Plan for achievement. Plan for achievement.

4.4. Act positive. Act positive.


Math Problem

If 8,400 businesses start each week, how many will start in a year? If 1 in 4 fail, how may remain open?


VIII. DEVELOPING YOUR VIII. DEVELOPING YOUR ENTREPRENEURIAL ENTREPRENEURIAL SKILLSSKILLS

Entrepreneurs must develop Entrepreneurs must develop as much competence as as much competence as necessary to set up and run a necessary to set up and run a successful operation.successful operation.


End of Section 2.2End of Section 2.2

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PowerPoint Presentation Section 2.2 Pages 23-31