Agenda 3mins: Scholarships 15mins: Pretest 2mins: Essentials Questions 15mins: Presentation 15mins: Self-Assessment 2mins: Who Are You?

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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

Standards BCS-EV-1: The student acquires meaning from written material and applies the information to a task. BCS-EV-2: The student effectively communicates with coworkers. BCS-EV-3: The student effectively communicates with people of different cultures and/or countries.

Essential Questions What is an Entrepreneur/ Entrepreneurship? Characteristics of successful entrepreneurs

What is an Entrepreneur? People who own, operate, and take the risk of a business venture Entrepreneurs Identify the needs of the marketplace Meet those needs by supplying a service or product. Entrepreneurs assume risk.

What is an Entrepreneurship? Entrepreneurship is the process of running a business of one’s own.

Characteristics of a successful entrepreneur? According to WSJ Study 12 Characteristics Brainstorm Groups of 3-4

Characteristics of Successful Entrepreneurs Persistent Entrepreneurs are willing to work until a job is done, no matter how long it takes.

Characteristics of Successful Entrepreneurs Creative Entrepreneurs continually look for new ways to solve old problems.

Characteristics of Successful Entrepreneurs Responsible Entrepreneurs do not “pass the buck”. They take responsibility for their decisions and actions.

Characteristics of Successful Entrepreneurs Inquisitive Entrepreneurs want to know as much as possible about anything that might affect their ventures. They conduct research and ask questions to solve problems.

Characteristics of Successful Entrepreneurs Goal-Oriented Entrepreneurs decide where they want to go and then set out to get there.

Characteristics of Successful Entrepreneurs Independent Entrepreneurs want to set their own agendas and schedules. They want to make their own decisions.

Characteristics of Successful Entrepreneurs Self-Demanding Entrepreneurs have high expectations of themselves.

Characteristics of Successful Entrepreneurs Self-Confident Entrepreneurs believe in themselves and act accordingly.

Characteristics of Successful Entrepreneurs Risk-Taking Entrepreneurs like to take risks, but they are not reckless. They seek opportunities that offer both a challenge and a reasonable chance of success.

Characteristics of Successful Entrepreneurs Restless Once entrepreneurs achieve their goals, they begin looking for new challenges.

Characteristics of Successful Entrepreneurs Action-Oriented Entrepreneurs are doers as opposed to spectators. They make decisions and act on them.

Characteristics of Successful Entrepreneurs Enthusiastic Entrepreneurs are energetic and passionate about their pursuits.

Characteristics Persistency Creativity Responsibility Inquisitiveness Goal Orientated Independent Self Demanding Self-Confident Risk Taking Restless Action Orientated Enthusiastic

Agenda Essential Question: What is the purpose of self assessment and personality profiling? 3mins: Scholarships 15mins: Finish Self-Assessment (individual) 10mins: Analyze Results 15mins: Color Code (Part 4)

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Assignment www.colorcode.com What Color are you? What does it mean? 4 Corners

The Hartman Personality Test Red: Power Wielders Motivated by Power Blues: Do-gooders Motivated by Intimacy Whites: Peacekeepers Motivated by Peace Yellow: Fun Lovers Motivated by Fun

Reds - Positives Logic Vision Determination Compartmentalize Emotion Action Orientated Assertive Confident Decisive Determined Disciplined Independent Leader Logical Pragmatic Proactive Productive Responsible Task Dominant

Reds - Negatives Have to Be Right Come across as Harsh/Critical Can be Cheap Controlling Poor Listeners Choose work over Personal

and willingly sacrifice personal gain Blues - Positives Steady Ordered Enduring Loves with Passion Highly committed Loyal Comfortable in Creativity Strive to be the best Sincere They thrive on  relationships  and willingly sacrifice personal gain

Blues - Negatives Highly demanding Can be distrusting Worry prone Opinionated Emotional and moody Self-righteous Insecure Most demanding Judgmental Lack Trust Unforgiving Pessimistic Resentful

Will do anything to avoid Whites - Positives Considerate Patient  Accepting No ego Good at constructing new thoughts Careful listeners Think things through Will do anything to avoid  confrontation

Whites Negatives Don’t commonly share what they are feeling, understanding or seeing Won't express conflict May be unwilling to set goals Dislike working at someone else’s pace. Can be somewhat self-deprecating Always need to feel comfortable

Yellow Positives Enthusiastic Very persuasive Spontaneous in nature They are always looking for something new to do Develop friendships  with ease

Yellow Negatives Can be very self-centered May have lots of superficial friends May have difficulty getting down to business.

Agenda 3mins: Scholarships 2mins: Essentials Questions 10mins: Discussion 5mins: Review of Chapter 25mins: Finish ColorCode Assignment

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Questions Why is it important to know your personal characteristics? Why is it important to know the personality characteristics of your employees?

Self Assessment/Personality Test Helps you Gain Perspective Categorizing Planning May tell you if you’re and entrepreneur Help you manage employees Increase Productivity=Make More Money

Stephen Covey 3 types of People (Stephen Covey) Agree or Disgree People Who Make Things Happen People Who Watch Things Happen People Who Wondering What’s Happening Agree or Disgree

Assess Your Strengths How else could you perform a self assessment? Interests/Hobbies Past Experience Strengths and Weaknesses Aptitude: ability to learn a particular kind of job

Self-Assessment (cont.) Why is that important to conduct self assessment? When should you conduct a self assessment? How would you conduct a self assessment?

Next 4 Days Day 1 Day 2 Why become an entrepreneur? Pros and Cons of Entrepreneurship Entrepreneurial Google Doc Day 2 What is rich?/Goal Setting (time vs. money vs. family) What is Generational Wealth? Research: Household income, forecast school stats

Next 4 Days Day 4 Why is Entrepreneurship important to the America? Who are some famous entrepreneurs? Match Up Activity/TagGalaxy Assignment Section 1.1

Next 4 Days Day 5 Entrepreneurs vs. Employees Entrepreneurs vs. Managers Personal entrepreneurial characteristics and what is their relationship to clear communications? Ethical characteristics needed in the workplace? Entrepreneurial Google Doc

Great Resources SBA.gov Your Chamber of Commerce Google Web Search = “Entrepreneur”