The Successful Entrepreneur

1
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

2
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 ones own.
• Entrepreneurs try to identify the needs of the
  marketplace and to meet those needs by supplying
  a service or product.
• Entrepreneurs assume risk.

3
Characteristics of Successful Entrepreneurs
Persistent

• Entrepreneurs are willing to work until a job is
  done, no matter how long it takes.

4
Characteristics of Successful Entrepreneurs
Creative

• Entrepreneurs continually look for new ways to
  solve old problems.

5
Characteristics of Successful Entrepreneurs
Responsible

• Entrepreneurs do not pass the buck. They take
  responsibility for their decisions and actions.

6
Characteristics of Successful Entrepreneurs
Inquisitive

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

7
Characteristics of Successful Entrepreneurs
Goal-Oriented

• Entrepreneurs decide where they want to go and
  then set out to get there.

8
Characteristics of Successful Entrepreneurs
Independent

• Entrepreneurs want to set their own agendas and
  schedules. They want to make their own decisions.

9
Characteristics of Successful Entrepreneurs
Self-Demanding

• Entrepreneurs have high expectations of
  themselves.

10
Characteristics of Successful Entrepreneurs
Self-Confident

• Entrepreneurs believe in themselves and act
  accordingly.

11
Characteristics of Successful Entrepreneurs
Risk-Taking

• Entrepreneurs like to take risks, but they are
  not reckless. They seek opportunities that offer
  both a challenge and a reasonable chance of
  success.

12
Characteristics of Successful Entrepreneurs
Restless

• Once entrepreneurs achieve their goals, they
  begin looking for new challenges.

13
Characteristics of Successful Entrepreneurs
Action-Oriented

• Entrepreneurs are doers as opposed to spectators.
  They make decisions and act on them.

14
Characteristics of Successful Entrepreneurs
Enthusiastic

• Entrepreneurs are energetic and passionate about
  their pursuits.

15
Great Resources

• SBA.gov
• Your Chamber of Commerce
• Google Web Search Entrepreneur