Chapter 2 Your Potential as an Entrepreneur

Rewards of Entrepreneurship b being your own boss b doing something you enjoy b having the opportunity to be creative b freedom to set your own schedule b controlling your salary b contributing to the community

The Costs and Risks of Entrepreneurship b working long hours b having an uncertain income b being fully responsible b risking one’s investment

Background of Entrepreneurs b nearly half are under age 35 when they start their business b 40%-- a high school diploma or less b 27%--some college b 33%--college degree b 62%--close relatives who owned a business b frequently worked when they were young b influenced early by a role model

Characteristics of Entrepreneurs b persistent b creative b responsible b inquisitive b goal-oriented b independent

Characteristics (con’t) b self-demanding b self-confident b risk-taking b restless b action-oriented b enthusiastic

Skills of Entrepreneurs b communication b human relations b math b problem-solving b technical b basic business