Transcript Should you become and entrepreneur?

Unit 1.2
• Entrepreneurs:
Present and Past
• Is
Entrepreneurship
Right for You?
• Identify Business
Opportunities and
Set Goals
•
Identify the
characteristics of
successful
entrepreneurs.
•
Assess whether you
have to succeed in
your own business.
Many people dream of running their own business. They would like to become
entrepreneurs. Entrepreneurship can be exiting. But running your own business is
difficult. This is often caused by poor planning, lack of business knowledge or
entrepreneurial characteristics, or choosing the wrong business.
 Name a business in the community and another similar that has gone out of
business. What do you think was the difference between the two business might
be?
Researchers have identified several characteristics that distinguish successful
entrepreneurs from those that fail.
 Successful entrepreneurs are independent.
 Successful entrepreneurs are self-confident.
 Successful entrepreneurs have determination and perseverance.
 Successful entrepreneurs are goal-oriented.
 Successful entrepreneurs have a need to achieve and to set high standards for
themselves.
 Successful entrepreneurs are creative.
 Successful entrepreneurs are able to act quickly.
Checkpoint
Entrepreneurship is not for everybody.
 Lack Qualities
 Lack Aptitude
 Disadvantages outweigh Advantages
To determine if entrepreneurship is right for you, you first need to
perform a self-assessment.
 List Strength and Weaknesses.
 Ask others.
 Take a test.
Success as an entrepreneur requires a strong
commitment to a business and a lot of energy.
 Interest in Field
 Find enjoyment
Take into consideration:
 Hobbies and Interest
 Past Experiences
Aptitude is the ability to learn a
particular kind of job. Different jobs
require different job attitudes.
 For Example: An Architect
Job Attribute Checklist
1. I enjoy working with numbers.
2. I enjoy working out doors.
3. I enjoy working with my hands.
Checklist can help you identify the
kinds of entrepreneurial opportunities
that might match you aptitude and
interest.
4. I enjoy selling.
5. I like working with people.
6. I prefer to work alone.
7. I like supervising other people.
8. I like knowing exactly what to do.
In groups, suggest 3 possible jobs for
each item on the job attribute checklist.
Choose one person to write down all the
suggestion on paper.
Checkpoint
Advantages
Disadvantages
 You are your own boss
 It risky.
 You can choose a business that
 Can face uncertain and irregular
 You can be creative.
 Work for long hours.
 Can make lots of money.
 Must make all the decisions by
interest you.
income.
themselves.
Complete worksheet