What are the characteristics of an entrepreneurship? Marcellous Curtis
Skills Important for Entrepreneurship
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❑ creative thinkin ❑ researc ❑ plannin ❑ decision-makin ❑ organizatio ❑ communication
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team buildin marketin nancial managemen record keepin strategic plannin
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goal setting
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Entrepreneurial Skills (cont.)
The Entrepreneur’s Dozen
Examines needs, wants and problems for which he/she feels something can be done to improve the way needs/wants are met or problems overcome.
The Entrepreneur’s Dozen
Narrows the possible opportunities down to one
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speci c opportunity.
The Entrepreneur’s Dozen
Thinks of an innovative idea.
The Entrepreneur’s Dozen
Researches the opportunity and idea thoroughly.
The Entrepreneur’s Dozen
Enlists the best sources of advice and assistance that can be found.
The Entrepreneur’s Dozen
Plans the venture and looks for possible problems that might arise.
The Entrepreneur’s Dozen
Ranks the risk and the possible rewards.
The Entrepreneur’s Dozen
Evaluates the risk and possible rewards and makes a decision.
The Entrepreneur’s Dozen
Never hangs on to an idea, as much as it is loved, if research shows it won't work.
The Entrepreneur’s Dozen
Employs the resources necessary for the venture if the decision is made to go ahead.
The Entrepreneur’s Dozen
Understands that any entrepreneurial venture will take a great deal of long, hard work.
The Entrepreneur’s Dozen
Realizes a sense of accomplishment from successful ventures and learns from failed ones to achieve success in the future.
The Entrepreneur’s Dozen E xamines needs, wants & problems N arrows possible opportunities T hinks of an innovative idea R esearches the opportunity and idea thoroughly E nlists advice and assistance P lans the venture R anks the risk and the possible rewards E valuates the risk and possible rewards and makes a decision N ever hangs on to an idea if research shows it won't work E mploys necessary resources U nderstands the venture will require long, hard work. R ealizes accomplishment from success & learns from failure
The “Top 10� Characteristics
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Entrepreneurs tend to 1. Have a spirit of adventur 2. Have a strong need to achieve and seek personal accomplishmen 3. Be self-con dent and self-relian 4. Be goal-oriente 5. Be innovative, creative, versatile
The “Top 10� Characteristics (cont.)
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Entrepreneurs tend to 6. Be persisten 7. Be hardworking and energeti 8. Have a positive attitud 9. Be willing to take initiativ 10.Have a strong sense of commitment
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