ENTREPRENEURSHIP

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ENTREPRENEURSHIP
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Standards

• 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.

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Standards (CONT.)

• 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

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Essential Questions

• 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?

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What is an entrepreneur?

• Definition an entrepreneur is a person who
  launches and runs his or her own business.

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What is entrepreneurship?

• DEFINITION The process of running a business of
  ones own

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Lets chat

• What do you think of when you hear the word
  entrepreneur?
• Would you like to be an entrepreneur?

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Skills Entrepreneurs Need

• Management Skills
• Technical Skills
• Conceptual Skills
• Human Relations Skills
• Communication Skills
• Problem-solving Skills

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Advantages

• Being your own boss
• Showing expertise and creativity at skills
• Working from home
• Gaining profit
• Doing something you love

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Disadvantages

• Total responsibility for the business
• Long hours
• Financial risks (due to irregular income and
  investments)

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Lets discuss even more

• Entrepreneurs can fail even if they are committed
  and have the characteristics needed to be
  successful. Why do you think this can happen?
• Why is it important for entrepreneurs to choose a
  field that they will enjoy?
• Do you think the advantages of entrepreneurship
  outweigh the disadvantages? Why or why not?

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Do YOU have what it takes?!?!?
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Welllets find out!!!

• 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?
• 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.

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Have a WONDERFUL WEDNESDAY!