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4.01 Understand Opportunity

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Presentation on theme: "4.01 Understand Opportunity"— Presentation transcript:

1 4.01 Understand Opportunity
Why Entrepreneurship? 4.01 Understand Opportunity

2 Bell ringer What are you passionate about? (make a detailed list in your notebook) What drives you? How can we take what your passions, those things that drive you and create a product or service? Would you consider yourself an Entrepreneur? Let’s find out! Am I an Entrepreneur Worksheet

3 What is Entrepreneurship?
Is taking on both the risk and responsibilities of starting a new business. Learning about how to run a business and manage other people. Activities involved in entrepreneurship include deciding the type of business to open, identifying customers, developing a marketing plan, managing finances and firing qualified employees. He or she must be Motivated!! Taking an Idea and making something of it!!

4 Why Be an Entrepreneur? Be your own boss. Do something you enjoy.
Be creative. Freedom to set you own schedule Job security More money Recognition in the community

5 Risks of Entrepreneurship
Work long hours Uncertain income Full responsibility Risk one’s investment

6 list of Characteristics that Every Entrepreneur should possess.
At your table, make a list of Characteristics that Every Entrepreneur should possess. Explain each

7 Characteristics of Successful Entrepreneurs
Persistent Creative Responsible Inquisitive Goal-oriented Independent

8 Characteristics of Successful Entrepreneurs
Self-demanding (high expectations) Self-confident Risk-taking Restless Action-oriented Enthusiastic Competent

9 Essential Entrepreneurial Skills
Communication Math Problem-solving Technology/computer Decision-making

10 Essential Entrepreneurial Skills
6. Organizing/Planning Teamwork Social skills Adaptability Basic business

11 Working in a Team What Type of Team member /Leader Are You? Worksheet


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