Strengthening Your Entrepreneurial Characteristics Meir Waknine
Rewards of Entrepreneurship •
Being Your Own Boss
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Doing Something You Enjoy
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Having the Opportunity to Be Creative
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Having the Freedom to Set Your Own Schedule
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Having Job Security
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Making More Money
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Being Recognized in the Community
Risks of Entrepreneurship • Working Long Hours
• Having an Uncertain Income
• Being Fully Responsible
• Risking One’s Investment
Risks of Entrepreneurship • Competition: The rivalry among businesses for consumer dollars. • Investment: The amount of money a person puts into his or her business as capital.
• Capital: Includes the buildings, equipment, tools, and other
goods needed to produce a product or the money used to buy these things.
Who Are Entrepreneurs? • 47% Under the age of 35
• 16% started their business before 25 years of age
• Many Entrepreneurs were independent from an early age
Who Are Entrepreneurs? • 40% Had a high school diploma or less
• 27% Had some College
• 33% had completed a college degree
Who Are Entrepreneurs? Many Entrepreneurs worked when they were young.
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62% of Entrepreneurs had parents or relatives who owned a business
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Many Entrepreneurs were in uenced by a role model
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Role Model: A person whose attitudes and achievements they tried to emulate. fl
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Characteristics of Successful Entrepreneurs 1.Persistent: Willing to work until a job is done.
2.Creative: Look for new ways to solve old problems.
3.Responsible: Do not pass the buck.
Characteristics of Successful Entrepreneurs
4.Inquisitive: Want to know as much as possible about whatever a ects their venture.
5.Goal Oriented: Set and achieve goals.
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6.Independent: Want to make their own decisions.
Characteristics of Successful Entrepreneurs
7.Self-Demanding: Have high expectations.
8.Self-Con
dent: Believe in themselves.
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9.Risk-Taking: Take risks, but they are not reckless.
Characteristics of Successful Entrepreneurs
10.Restless: After achieving goals, look for new challenges.
11.Action-Oriented: Doers, not spectators.
12.Enthusiastic: Energetic and passionate about their pursuits.
10 Essential Entrepreneurial Skills 1.Communication Skills 2.Math Skills
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Organizing and Planning Skills
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Teamwork Skills
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Social Skills
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Adaptability Skills
3.Problem Solving Skills
4.Technology and Computer Skills
10. Basic
5.Decision-Making Skills
Business Skills
Strengthening Your Entrepreneurial Characteristics • Profile: A set of characteristics or qualities that identifies a type or category of person.
• Achiever: A person with a record of successes.
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Set out to be the best at whatever you do.
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Try to accomplish the extraordinary
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Write you goals down on paper
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Pursue your goals with con dence and commitment.
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View di culties as opportunities to learn and grow.
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Strengthening Your Entrepreneurial Characteristics
Develop Your Entrepreneurial Skills 1.Learn the techniques needed to use the skill.
2.Put the skill to work in real-world situations.
3.Ask yourself whether you get the results you want
(If not, determine how you can improve and apply what you’ve learned)
Thank you