Characteristics of an Entrepreneur

ENTREPRENEURSHIP CLASS

CHARACTERISTICS OF AN ENTREPRENEUR

LEARNING INTENTIONS:

• Learn about different types of entrepreneurs and determine their unique skills and characteristics.

• Evaluates one's own strengths, weaknesses, and opportunities for growth to measure entrepreneurial potential.

• Identify skills and characteristics demonstrated by an entrepreneurial mindset.

Open Ended

How is education important for an entrepreneur?

Open Ended

If you are given a chance to interview Elon Musk, what are the important questions to ask him as young entrepreneur?

Open Ended

What personal characteristics of an entrepreneur might be MORE IMPORTANT than a college education?

Open Ended

Is a college diploma necessary for becoming a successful entrepreneur?

WHO ARE ENTREPRENEURS?

The United States Census Bureau conducts a survey of business owners periodically. A recent survey received feedback from an estimated 16.7 million businesses from all over the country. Here are some highlights from the survey:
1. 67 percent of the business owners had some college education when they started the business. Another 20 percent started a business with just high school diploma.
2. More than 60 percent of the business owners used money of their own, or from their families, to start or buy their business. Around 40 percent were able to start their business with outside funding.
3. Slightly more than half of business owners who had employees worked overtime (more than 40 hours per week total). 26 percent of the business owners with no employees worked overtime.
4. Over a third of the business owners were over 55 years old.

Attitude - is a way of viewing or thinking about something that can affect how you feel about it.

Characteristics of Successful Entrepreneurs

Multiple Choice

Each of the following is an example of maintaining a positive attitude EXCEPT ONE:

• Accepting situations that seem unfair as part of life.

• Being friendly to rude customers or coworkers.

• Refraining from getting back at someone who has caused your harm.

• Allowing those with negative attitudes to vent their problems to you so they can get "get off their chest"

Professionalism - is the ability to show respect to everyone around you while your perform your responsibilities as best as you can. It includes basic set of personal qualities that make an individual successful.

Characteristics of Successful Entrepreneurs

Personal Qualities
1. Courage
2. Creativity
3. Curiousity
4. Determination
5. Discipline
6. Empathy
7. Enthusiasm
8. Flexibility
9. Honesty
10. Patience
11. Professionalism
12. Responsibility

Characteristics of Successful Entrepreneurs

Skills - is an ability that learned through training and practice.
Some of the Skills that Entrepreneurs Need:
1. business skills
2. Communication skills
3. Computer Skills
4. Decision-making skills
5. Mathematical skills
6. Organizational Skills
7. People Skills

Characteristics of Successful Entrepreneurs