Entrepreneurship

1. Being your own boss 2. Doing something that you enjoy 3. Opportunity to be creative 4. Having freedom to set your own schedule 5. Having job security 6. Potential for better personal income 7. Community recognition

1. Working long hours 2. Uncertain income 3. Having full responsibility 4. Risking your own investment

 The rivalry among businesses for consumers’ dollars

 The amount of money that an entrepreneur puts into their business ◦ also called a Capital Investment

 Money ◦ also buildings, equipment, tools and other goods needed to produce a product that have value

 What Does It Take To Be An Entrepreneur?

 47 % of entrepreneurs were under age 35 when they started their business, 16% were under age 25  40% of entrepreneurs have a high-school diploma or less  Worked when they were young or were entrepreneurs from a young age  Influenced by a role model – a person whose accomplishments and personality are looked up to and emulated

1. Persistent 2. Creative 3. Responsible 4. Inquisitive 5. Goal-Oriented 6. Independent 7. Self-Demanding 8. Self-Confident 9. Risk-Taking 10. Restless 11. Action-Oriented 12. Enthusiastic

 Skills that are used when setting up and running a business

1. Communication 2. Math 3. Problem-Solving 4. Technology & Computer 5. Decision-Making 6. Organization & Planning 7. Teamwork 8. Social 9. Adaptability 10. Basic Business

 A set of characteristics or qualities that identifies a type of person

 A person with a record of successes 1. Wants to be the best 2. Sets sights on accomplishing the extraordinary 3. Writes down goals and pursues them with confidence and commitment 4. Views difficulties as opportunities to learn and grow

1. Reading 2. Writing 3. Watching 4. Solving