Is Entrepreneurship Right For You Entrepreneurship Review to Pros and Cons of Entrepreneurship Advantages Entrepreneurs Are their own bosses Can choose a business that interests them Can be creative ID: 781633
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Slide1
Introduction to Entrepreneurship
Is Entrepreneurship Right For You?
Slide2Entrepreneurship
Review to Pros and Cons of Entrepreneurship
Advantages
Entrepreneurs…
Are their own bosses
Can choose a business that interests them
Can be creative
Can make large sums of money
Slide3Entrepreneurship
Disadvantages
Entrepreneurs
…
Take calculated risks
Face uncertain and irregular income
Work long hours
Must make all decisions by themselves
Slide4Entrepreneurship
Aptitude:
the ability to learn a particular kind of job
Job Attributes Checklist
I enjoy working with numbers
I enjoy working outdoors
I enjoy working with my hands
I enjoy selling
Slide5Entrepreneurship
Job Attributes
Checklist (cont.)
I like working with people
I prefer to work alone
I like supervising other people
I like knowing exactly what I am supposed to do
Slide6Entrepreneurship
Researchers have identified several characteristics that distinguish successful entrepreneurs from those that fail
Successful entrepreneurs…
Are Independent
Are self-confident
Have determination and perseverance
Are goal-oriented
Slide7Entrepreneurship
Successful entrepreneurs
…(cont.)
Have
a need to achieve and to set high standards for themselves
Are creative
Are able to act quickly
Keep up to date with technology
Slide8Entrepreneurship
Entrepreneurs realize that there are
stakeholders
in their business
Stakeholder
One who is involved in or affected by a course of action
Slide9Entrepreneurship
Stakeholders
Partners
Investors
Employees
Suppliers
Customers
Creditors
Slide10Entrepreneurship
Although entrepreneurs run businesses on their own, they must possess good team building skills and be effective team members
Commitment
Competency
Communication
Cooperation
Creativity