Presentation on theme: "The Successful Entrepreneur"— Presentation transcript:
1The Successful Entrepreneur The Student will be able to . . .Define entrepreneurshipIdentify and analyze characteristics of a successful entrepreneurIdentify the reasons for planning in entrepreneurial businessesGenerate ideas for business
2What is an Entrepreneur? People who own, operate, and take the risk of a business venture.Entrepreneurship is the process of running a business of one’s own.Entrepreneurs try to identify the needs of the marketplace and to meet those needs by supplying a service or product.Entrepreneurs assume risk.
3Characteristics of Successful Entrepreneurs PersistentEntrepreneurs are willing to work until a job is done, no matter how long it takes.
4Characteristics of Successful Entrepreneurs CreativeEntrepreneurs continually look for new ways to solve old problems.
5Characteristics of Successful Entrepreneurs ResponsibleEntrepreneurs do not “pass the buck”. They take responsibility for their decisions and actions.
6Characteristics of Successful Entrepreneurs InquisitiveEntrepreneurs want to know as much as possible about anything that might affect their ventures. They conduct research and ask questions to solve problems.
7Characteristics of Successful Entrepreneurs Goal-OrientedEntrepreneurs decide where they want to go and then set out to get there.
8Characteristics of Successful Entrepreneurs IndependentEntrepreneurs want to set their own agendas and schedules. They want to make their own decisions.
9Characteristics of Successful Entrepreneurs Self-DemandingEntrepreneurs have high expectations of themselves.
10Characteristics of Successful Entrepreneurs Self-ConfidentEntrepreneurs believe in themselves and act accordingly.
11Characteristics of Successful Entrepreneurs Risk-TakingEntrepreneurs like to take risks, but they are not reckless. They seek opportunities that offer both a challenge and a reasonable chance of success.
12Characteristics of Successful Entrepreneurs RestlessOnce entrepreneurs achieve their goals, they begin looking for new challenges.
13Characteristics of Successful Entrepreneurs Action-OrientedEntrepreneurs are doers as opposed to spectators. They make decisions and act on them.
14Characteristics of Successful Entrepreneurs EnthusiasticEntrepreneurs are energetic and passionate about their pursuits.
15Great Resources SBA.gov Your Chamber of Commerce Google Web Search = “Entrepreneur”