4.01 Understand Opportunity Why Entrepreneurship? 4.01 Understand Opportunity

Bell ringer 3-16-2016 What are you passionate about? (make a detailed list in your notebook) What drives you? How can we take what your passions, those things that drive you and create a product or service? Would you consider yourself an Entrepreneur? Let’s find out! Am I an Entrepreneur Worksheet

What is Entrepreneurship? Is taking on both the risk and responsibilities of starting a new business. Learning about how to run a business and manage other people. Activities involved in entrepreneurship include deciding the type of business to open, identifying customers, developing a marketing plan, managing finances and firing qualified employees. He or she must be Motivated!! Taking an Idea and making something of it!!

Why Be an Entrepreneur? Be your own boss. Do something you enjoy. Be creative. Freedom to set you own schedule Job security More money Recognition in the community

Risks of Entrepreneurship Work long hours Uncertain income Full responsibility Risk one’s investment

list of Characteristics that Every Entrepreneur should possess. At your table, make a list of Characteristics that Every Entrepreneur should possess. Explain each

Characteristics of Successful Entrepreneurs Persistent Creative Responsible Inquisitive Goal-oriented Independent

Characteristics of Successful Entrepreneurs Self-demanding (high expectations) Self-confident Risk-taking Restless Action-oriented Enthusiastic Competent

Essential Entrepreneurial Skills Communication Math Problem-solving Technology/computer Decision-making

Essential Entrepreneurial Skills 6. Organizing/Planning Teamwork Social skills Adaptability Basic business

Working in a Team What Type of Team member /Leader Are You? Worksheet