Entrepreneurship
1.
2.
3.
4.
5.
6.
7.
Being your own boss
Doing something that you enjoy
Opportunity to be creative
Having freedom to set your own schedule
Having job security
Potential for better personal income
Community recognition
1.
2.
3.
4.
Working long hours
Uncertain income
Having full responsibility
Risking your own investment

The rivalry among businesses for consumers’
dollars

The amount of money that an entrepreneur
puts into their business
◦ also called a Capital Investment

Money
◦ also buildings, equipment, tools and other goods
needed to produce a product that have value
 What
Does It Take To Be An
Entrepreneur?




47 % of entrepreneurs were under age 35
when they started their business, 16% were
under age 25
40% of entrepreneurs have a high-school
diploma or less
Worked when they were young or were
entrepreneurs from a young age
Influenced by a role model – a person whose
accomplishments and personality are looked
up to and emulated
1.
Persistent
7.
Self-Demanding
2.
Creative
8.
Self-Confident
3.
Responsible
9.
Risk-Taking
4.
Inquisitive
10.
Restless
5.
Goal-Oriented
11.
Action-Oriented
6.
Independent
12.
Enthusiastic

Skills that are used when setting up and
running a business
1.
Communication
2.
Math
3.
Problem-Solving
7.
Teamwork
4.
Technology &
8.
Social
Computer
9.
Adaptability
Decision-Making
10.
Basic Business
5.
6.
Organization &
Planning

A set of characteristics or qualities that
identifies a type of person

1.
2.
3.
4.
A person with a record of successes
Wants to be the best
Sets sights on accomplishing the
extraordinary
Writes down goals and pursues them with
confidence and commitment
Views difficulties as opportunities to learn
and grow
1.
2.
3.
4.
Reading
Writing
Watching
Solving