Chapter 1 Entrepreneurial Careers

Section 1.1 Your Career

Objectives Explain the importance of exploring career opportunities before making a career choice. Create a career plan based on your personal goals, values, aptitudes, and skills.

ssential Question How can research and planning contribute to career success?

Explore Your Career Options Explore and research the career best for you Career Clusters Research career opportunities Career clusters: 16 groups of occupations and career specialties Career pathways: Subgroups that reflect occupations with similar knowledge and skills

Explore Your Career Options Foundation skills Basic skills Thinking skills Personal skills Technology skills Business skills

Explore Your Career Options

Explore Your Career Options Research career opportunities School guidance counselor Career and technical student organizations (CTSOs): National student organizations with chapters related to CTE courses US Department of Labor College Board Career Fairs Internet

Make a Career Plan Career plan: Steps on a time line to reach career goals Changes throughout your life Use the decision-making process Goodheart-Willcox Publisher

Make a Career Plan Learn about yourself Aptitude is the natural ability to do or learn something Skill is an ability a person has learned over time and can do well Attitude is feelings about people or things Values are beliefs of a person or culture Goals are things a person wants to achieve in a specified time period

Make a Career Plan SMART goals are specific, measurable, attainable, realistic, and timely Goodheart-Willcox Publisher

Review and Assessment 1. Why explore the career clusters? By exploring the career clusters, students can gain information about various career choices. 2. What are the steps in the decision-making process? The steps in the decision-making process are: define the challenge, gather the facts, analyze the situation, generate ideas, consider the alternatives, make a decision, and implement the decision.

Review and Assessment 3. What is the purpose of creating a career plan? A career plan is a list of steps on a time line to reach each of your career goals. The plan you start now will lay the foundation and guide you through the decision-making process for deciding on your first career.

Review and Assessment 4. What is the difference between aptitude and skill? Aptitude is a natural ability, while skill is something someone learns over time and can be done well. 5. What are SMART goals? Well-defined goals are specific, measurable, attainable, realistic, and timely.

Section 1.2 Becoming an Entrepreneur

Objectives Explain what an entrepreneur does. Describe the person who can be an entrepreneur.

ssential Question How do the qualities common to many entrepreneurs help them succeed?

What Is an Entrepreneur? Entrepreneur: Person who starts a new business Entrepreneurship is taking risks and responsibilities of starting a new business Start-up companies are newly created businesses

Who Can Be an Entrepreneur? Only limited by creativity, drive, and desire Over 565,000 new US businesses started each year Most entrepreneurs are leaders Leader influences others in a positive way and makes things different or better

Who Can Be an Entrepreneur? Effective entrepreneurs: Establish and manage relationships Empower others to act Lead by example Encourage others Communicate their ideas

Who Can Be an Entrepreneur? Aptitude to open a business and work in their field Know their values and establish realistic goals for their businesses Common skills: Interpersonal skills: Used to communicate with those around you Problem-solving skills Basic business skills Planning skills Leadership skills

Who Can Be an Entrepreneur? Traits: Behavioral and emotional characteristics that make each person unique

Who Can Be an Entrepreneur? Goodheart-Willcox Publisher

Who Can Be an Entrepreneur? Self-assessment helps to understand personal preferences and identify strengths and weaknesses Goodheart-Willcox Publisher

Who Can Be an Entrepreneur?

Review and Assessment 1. What is the difference between the terms entrepreneur and entrepreneurship? An entrepreneur is a person who starts a new business. Entrepreneurship is the act of taking on both the risks and responsibilities of starting a new business.

Review and Assessment 2. What is the impact of entrepreneurship on the US economy? Small businesses employ more than half of private sector employees in the US, and more than a third of all high-tech workers. Small businesses export more than 97% of all exported goods and are 99.7% of all employer firms. 3. Identify three traits common to successful entrepreneurs. Explain how they contribute to success. Passion, problem solving, planning, persistence, perseverance. Student examples may vary.

Review and Assessment 4. What are the five skills common to entrepreneurs? Interpersonal skills, problem-solving skills, business skills, planning skills, and leadership skills. Identify three traits common to successful entrepreneurs and explain how they contribute to success. Student responses will vary. Refer to Figure 1-7.