Entrepreneurs

Entrepreneurship

Entrepreneurs

What do they look like?

How can we identify an entrepreneur?

Famous EntrepreneursMark Zuckerberg

Famous EntrepreneursSteve Jobs

Famous CanadianEntrepreneursGuy Laliberte & Guy Caron

Famous CanadianEntrepreneursChristine Magee

Famous CanadianEntrepreneursArlene Dickinson

What do Entrepreneurs do?■ Bring together various resources in order to

pursue a venture that addresses some need, want or problem in a innovative way

■ Have the ability to see what others have not seen and the courage and skill to act on the opportunities perceived

What do Entrepreneurs do?■ Carefully weigh the opportunities against

the risk before acting

■ Bus Company-Young Entreprenuer

"Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.”

Victor Kiam Former CEO & President of Remington Products & owner of New England Patriots

What does that mean?■ Entrepreneur – a person who takes risks

and organizes resources in order to satisfy needs and/or wants

■ Entrepreneurship – the act of identifying opportunities and mobilizing resources to bring about change in order to operate a venture/business

Homemade Ice Cream-Young Entrepreneur

Key Terms

•Venture - A business undertaking involving some risk, established with the expectation of gain or profit.

•Opportunity - Arises from a change or a trend that has resulted in the generation of a problem, need, or want.

•Risk - The chance of possible loss of money or reputation that entrepreneurs take when starting a new venture.

Entrepreneurial Characteristics■ All entrepreneurs possess similar characteristics. Let’s

list a few:

Entrepreneurial Skills■ Having a skill means you have the ability to do

something specific Carpenter -> woodworking skills

Chef -> cooking skills

■ It is easier to learn a skill than it is to develop a characteristic

■ To be a successful, entrepreneurs need a variety of skills

Entrepreneurial SkillsInterpersonal Skills

Critical-thinking Skills

Practical Skills

Creative-thinking Skills

Are essential for an entrepreneur to

be successful.

Entrepreneurial Skills

Interpersonal Skills

1. Communication

2. Relationships

SkEntrepreneurial Skills

Critical-thinking Skills

Creative-thinking Skills

Ability to:

•Solve problems by looking at a variety of solutions

•Make a decision and act on it

•Set goals

•Plan out how to achieve the goal and act out the plan

•Generate ideas

•Identify opportunities

Entrepreneurial Skills

Practical Skills(Planning-Research, Organizing, Directing,

Controlling)

This is the ability to use special tools designed for a specific job.

Fill in the profile and hand in to me _______! We will not be presenting, only I will see, so be honest :)

Your Entrepreneurial Profile!