1. ENTREPRENEURSHIPENTREPRENEURSHIP

2. Standards BCS-BE-9: The student demonstrates an understanding of the importance of developing and organizing a successful business plan. BCS-BE-10: The student recognizes and demonstrates an understanding of the unique characteristics, traits and concepts of the successful entrepreneur. BCS-BE-16: The student evaluates sole proprietorships as a form of business.

3. Standards (CONT.) BCS-BE-17: The student evaluates the different types of partnerships as a form of business. BCS-BE-18: The student evaluates the different types of corporations as a form of business. BCS-BE-19: The student chooses the most appropriate form of business ownership for any planned business. BCS-BE-20: The student evaluates franchising as a form of business ownership

4. Essential Questions Why is it important to identify the characteristics of a successful entrepreneur? Why is it important to identify the characteristics of a successful entrepreneur? What are the common characteristics of desirable entrepreneurial personality traits? What are the common characteristics of desirable entrepreneurial personality traits? How would you identify your own personal traits that are typical characteristics of an entrepreneur? How would you identify your own personal traits that are typical characteristics of an entrepreneur? Why do you feel that you would or would not make a successful entrepreneur? Why do you feel that you would or would not make a successful entrepreneur?

5. What is an entrepreneur? Definition: an entrepreneur is a person who launches and runs his or her own business. Definition: an entrepreneur is a person who launches and runs his or her own business.

6. What is entrepreneurship? DEFINITION: DEFINITION: The process of running a business of one’s own

7. Let’s chat… What do you think of when you hear the word entrepreneur? What do you think of when you hear the word entrepreneur? Would you like to be an entrepreneur? Would you like to be an entrepreneur?

8. Skills Entrepreneurs Need Management Skills Technical Skills Conceptual Skills Human Relations Skills Communication Skills Problem-solving Skills

9. Advantages Being your own boss Showing expertise and creativity at skills Working from home Gaining profit Doing something you love

10. Disadvantages Total responsibility for the business Total responsibility for the business Long hours Long hours Financial risks (due to irregular income and investments) Financial risks (due to irregular income and investments)

11. Let’s discuss even more… Entrepreneurs can fail even if they are committed and have the characteristics needed to be successful. Why do you think this can happen? Why is it important for entrepreneurs to choose a field that they will enjoy? Do you think the advantages of entrepreneurship outweigh the disadvantages? Why or why not?

12. YOU Do YOU have what it takes?!?!?

13. Well…let’s find out!!! Self-assessment What Is Your Business Assignment Write down your entrepreneurial strengths:Write down your entrepreneurial strengths: Your entrepreneurial weaknesses:Your entrepreneurial weaknesses: How do you think you will perform as an entrepreneur?How do you think you will perform as an entrepreneur? What is your dream business?What is your dream business? If you could do any kind of business in the world what would it be? Think about things that you are good at or things that you would like to do. In 10 lines or more, describe what this business would be.

14. Have a FANTASTIC FRIDAY!!!