Download ENTREPRENEURSHIP

ENTREPRENEURSHIP
Standards
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BCS-BE-9: The student demonstrates
an understanding of the importance of
developing and organizing a
successful business plan.
BCS-BE-10: The student recognizes
and demonstrates an understanding of
the unique characteristics, traits and
concepts of the successful
entrepreneur.
BCS-BE-16: The student evaluates
sole proprietorships as a form of
business.
Standards (CONT.)
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BCS-BE-17: The student evaluates
the different types of partnerships as
a form of business.
BCS-BE-18: The student evaluates
the different types of corporations as
a form of business.
BCS-BE-19: The student chooses the
most appropriate form of business
ownership for any planned business.
BCS-BE-20: The student evaluates
franchising as a form of business
ownership
Essential Questions
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Why is it important to identify the characteristics
of a successful entrepreneur?
What are the common characteristics of desirable
entrepreneurial personality traits?
How would you identify your own personal traits
that are typical characteristics of an
entrepreneur?
Why do you feel that you would or would not
make a successful entrepreneur?
What is an entrepreneur?
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Definition: an
entrepreneur is a
person who
launches and runs
his or her own
business.
What is entrepreneurship?
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DEFINITION: The process of running a
business of one’s own
Let’s chat…
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What do you think of when you hear the
word entrepreneur?
Would you like to be an entrepreneur?
Skills Entrepreneurs Need
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Management Skills
• Technical Skills
• Conceptual Skills
• Human Relations
Skills
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Communication
Skills
Problem-solving
Skills
Advantages
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Being your own boss
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Showing expertise
and creativity at skills
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Working from home
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Gaining profit
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Doing something you
love
Disadvantages
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Total responsibility for
the business
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Long hours
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Financial risks (due to
irregular income and
investments)
Let’s discuss even more…
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Entrepreneurs can fail even if they are
committed and have the characteristics needed
to be successful. Why do you think this can
happen?
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Why is it important for entrepreneurs to choose a
field that they will enjoy?
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Do you think the advantages of
entrepreneurship outweigh the disadvantages?
Why or why not?
Do YOU have what it takes?!?!?
Well…let’s find out!!!
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Self-assessment
What Is Your Business Assignment
• Write down your entrepreneurial strengths:
• Your entrepreneurial weaknesses:
• How do you think you will perform as an
entrepreneur?
• What is your dream business?
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If you could do any kind of business in the world
what would it be?
Think about things that you are good at or things
that you would like to do.
In 10 lines or more, describe what this business
would be.
Have a FANTASTIC FRIDAY!!!