1. Finding the Ultimate Idea
Becoming an Entrepreneur

2. Objectives (Day 1) Define entrepreneurship
Compare & contrast entrepreneurship to traditional employment
Weigh the advantages and disadvantages of becoming an entrepreneur
Identify common entrepreneurial characteristics
Evaluate how entrepreneurial character traits influence career opportunities
Use simulation to explore personality style and search possible careers choices
Compare personality trait to specific occupations
Research facts and typical day of job choices

3. What is an Entrepreneur?
A person who owns, operates, and take risks in business
Someone who sees an opportunity or unique idea and acts on it

4. Employees vs. Entrepreneurs
Work for themselves
Assume risk in decision-making
Directly affected by the consequences of decisions
Employees
Work for someone else
Decisions made and given by someone else
Not directly affect by consequences

5. Advantages of Becoming an Entrepreneur
You’re the BOSS!
You like your job!
You get to be CREATIVE!
You can make lots of $MONEY$ !!!

6. Disadvantages of Becoming an Entrepreneur
Risky Business
Future is uncertain
Uncertain/Irregular Incomes
Debt
Seasonal Businesses
Work long hours
Make all decisions alone

7. Would you want to be an Entrepreneur?
Why or Why Not

8. Characteristics of an Entrepreneur
Independent
Want to make decisions
Do something they enjoy
Self-Confident
Ability to make choices alone
Bounce back ability
Determined
Persistent
Need to achieve perspective

9. Characteristics of Entrepreneurs
Goal-Oriented
Set high standards for themselves
Know what they want
Able to focus on achieving their goal
Creative
Look for new solutions to problems
Quick Actors
Not afraid to make quick decisions against competitors

10. Meet the Entrepreneur Sat Bats The “Tie” Guy Baruch Shemtov
Dustin Satloff

11. Dustin Satloff Age: 13 Business Purpose: Unique Idea: Competitive Edge
Pursue a business around his passion for baseball
Unique Idea:
Bamboo Baseball Bats
Competitive Edge
Strong & long-lasting material
Better for the environment

12. Baruch Shemtov Age: 16 Business Purpose Unique Idea: Competitive Edge:
To offer peers a unique necktie to wear for school dress code
Unique Idea:
The Double-Tie
Competitive Edge:
Created a product that was unusual, didn’t exist, and people wanted to buy
Networking Skills--Takashimaya
Episode 112—Sisters

13. Other Young Entrepreneurs
Twin Sweets
Karimkhani Sisters
You’re on Deck
Big Quil Enterprises
Zombie Girl
All Net Basketball Bag
Family Funeral Service
City Slips
Fabulous Coach