The Successful Entrepreneur

The Student will be able to . . .

–Define entrepreneurship

–Identify and analyze characteristics of a successful entrepreneur

–Identify the reasons for planning in entrepreneurial businesses

–Generate ideas for business

What is an Entrepreneur?

• People who own, operate, and take the

risk of a business venture.

• Entrepreneurship is the process of running

a business of one’s own.

• Entrepreneurs try to identify the needs of

the marketplace and to meet those needs

by supplying a service or product.

• Entrepreneurs assume risk.

Characteristics of

Successful Entrepreneurs

Entrepreneurs are willing to work until a job

is done, no matter how long it takes.

Characteristics of

Successful Entrepreneurs

Entrepreneurs continually look for new ways

to solve old problems.

Characteristics of

Successful Entrepreneurs

Entrepreneurs do not “pass the buck”. They

take responsibility for their decisions and

actions.

Characteristics of

Successful Entrepreneurs

Entrepreneurs want to know as much as possible about anything that might affect their ventures. They conduct research and ask questions to solve problems.

Characteristics of

Successful Entrepreneurs

Entrepreneurs decide where they want to go

and then set out to get there.

Characteristics of

Successful Entrepreneurs

Entrepreneurs want to set their own

agendas and schedules. They want to

make their own decisions.

Characteristics of

Successful Entrepreneurs

Entrepreneurs have high expectations of

themselves.

Characteristics of

Successful Entrepreneurs

Entrepreneurs believe in themselves and act

accordingly.

Characteristics of

Successful Entrepreneurs

Entrepreneurs like to take risks, but they are

not reckless. They seek opportunities that

offer both a challenge and a reasonable

chance of success.

Characteristics of

Successful Entrepreneurs

Once entrepreneurs achieve their goals,

they begin looking for new challenges.

Characteristics of

Successful Entrepreneurs

• Entrepreneurs are doers as opposed to

spectators. They make decisions and act

on them.

Characteristics of

Successful Entrepreneurs

Entrepreneurs are energetic and passionate

about their pursuits.

Great Resources

• SBA.gov

• Your Chamber of Commerce

• Google Web Search = “Entrepreneur”