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The Successful Entrepreneur

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Entrepreneurs try to identify the needs of the marketplace and to meet those needs by supplying a service or product. Entrepreneurs assume risk. – PowerPoint PPT presentation

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Title: 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
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