1. Entrepreneurship 12 An Introduction

2. “Entrepreneurship” From Latin word “prendere” –“to take” Entrepreneurs- people who TAKE opportunities when they see them Creation and building of a venture to fill a market niche

3. Activity Rate the traits of successful entrepreneurs handouthandout

4. Most Important Traits of Entrepreneurs perseverance (18) desire and willingness to take the initiative (15) competitiveness (14) self-reliance (11) a strong need to achieve (3) self-confidence (16) good physical health (2)

5. Important Traits of Entrepreneurs a willingness to take risks (4) a high level of energy (1) an ability to get along with employees (9) versatility (17) a desire to create (5) innovativeness (19)

6. Least Important Traits of Entrepreneurs ability to lead effectively (20) a willingness to tolerate uncertainty (8) a strong desire for money (7) patience (13) being well organized (10) a need for power (12) a need to closely associate with others (6)

7. Task Each student will be assigned a term essential to the introduction to Entrepreneurship With a partner, create a mini poster that visually represents your term Each pair will be expected to present their poster to the class in the last half hour of class

8. Presentation Requirements Define the concept Explain how the visuals represent the concept Explain the importance of this term in reference to studying Entrepreneurship

9. Entrepreneurial Skills What skills are necessary for an entrepreneur to have in order to be successful? Make a list of 8 skills that most entrepreneurs would need

10. Entrepreneurial Skills Communication Can generate ideas Can identify opportunities Planner Organized Can make decisions Can solve problems Can negotiate Can network Can market their ideas Can keep records Can lead others

11. Task For each of the skills indicated, propose: How someone might develop these skills Why these skills are important