The Successful Entrepreneur The Student will be able to... ● Define entrepreneurship ● Identify and analyze characteristics of a successful entrepreneur ● Identify the reasons for planning in entrepreneurial businesses ● Generate ideas for business

What is an Entrepreneur? ● People who own, operate, and take the risk of a business ________________. ● ______________ is the process of running a business of one’s own. ● Entrepreneurs try to __________ the needs of the marketplace and to meet those needs by supplying a service or product. ● Entrepreneurs _________ ________.

Characteristics of Successful Entrepreneurs _______________: ● Continue trying until the problem is solved. ● Do not give up when faced with a problem. ● They search for a way to overcome problems. ● Are willing to work until a job is done, no matter how long it takes.

Characteristics of Successful Entrepreneurs ___________________: ● Hold themselves accountable for their own decisions and actions. ● They take responsibility for their decisions and actions.

Characteristics of Successful Entrepreneurs __________________: ● Decide what they want, plan to achieve it, and make the plan work. ● Decide where they want to go and then set out to get there.

Characteristics of Successful Entrepreneurs __________________: ● Set their own agendas and schedules. ● They want to make their own decisions.

Characteristics of Successful Entrepreneurs ______________________: ● They believe in their abilities to succeed. ● Have high expectations of themselves.

Characteristics of Successful Entrepreneurs _________________: ● Like to take risks, but they are not reckless. ● They seek opportunities that offer both a challenge and a chance of success.

Characteristics of Successful Entrepreneurs _______________: ● Once goals are achieved, they begin looking for new challenges. ● They gain skill through experience. ● They believe learning requires making mistakes. ● They view this as necessary for improvement.

Characteristics of Successful Entrepreneurs ● ________________: ● Direct and manage activities. ● Good at making decisions. ● ____________: ● Productive without waste. ● Maximize every waking moment.

Characteristics of Successful Entrepreneurs _______________: ● Passionate about making something new. ● Always on the lookout for new and better ways to do things. ● Energetic about their pursuits.

Shark Tank Watch Shark Tank and in your notebook tell me what characteristics the entrepreneur in the video has. Follow this format: ● ● Name of entrepreneur ● ● Explain what he invented, started or became successful at ● ● () I selected this characteristic because...

Great Resources ● SBA.gov SBA.gov ● Your Chamber of Commerce Your Chamber of Commerce Your Chamber of Commerce