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 venture. Entrepreneurship is the process of running a business of one’s own. Entrepreneurs try to identify the needs of the marketplace and to meet those needs by supplying a service or product. Entrepreneurs assume risk.

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.

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