Contemporary Entrepreneurship You as an Entrepreneur

1
Contemporary Entrepreneurship You as an
Entrepreneur

• Ron Runyan, Presenter
• ROP Business and Computer Applications

2
The Entrepreneur

• Entrepreneurship -- the act of managing an
  enterprise that has potential to make a profit or
  incur a loss.
• Entrepreneur -- an individual who is willing to
  take the risk of investing time and money in a
  business that has the potential to make a profit
  or incur a loss.

3
Why Become an Entrepreneur?

• Control of personal destiny
• Freedom from direct supervision of a boss
• still accountable to customers, bankers,
  suppliers
• Potential to achieve profits greater than a
  salary
• More new small businesses fail than succeedknow
  why and reduce the risks

4
Successful Entrepreneurs

• Confidence to make decisions
• Determination and Perseverance
• Creativity
• Need to Achieve
• Setting new goals
• Commitment to and setting Personal goals

5
The Right EnvironmentCareer Anchors

• Technical Anchor
• To do a job correctly
• Technicians, surgeons
• Managerial Anchor--
• Enjoy working with people and having many duties
  and responsibilities
• Chain store owners, manufacturers

• Security Anchors
• Regular paycheck
• Company benefits
• Long-term employment
• McDonalds P-Hut
• Creativity Anchor
• Unique ideas
• Advertiser, merchandiser
• Autonomy Anchor
• Free thinker, individualist
• Inventor, writer, artist

A career anchor analysis allows an individual to
properly identify areas of interest and
satisfaction in choosing a vocation.
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Asking the Right Questions

• Knowledge
• Who, What, When, Where, How?
• Describe
• Comprehension- organization and selection of
  facts and ideas
• Retell_______ in your own words
• What is the main idea of _____?
• Application- use of facts, rules, principles
• How is _____ an example of ____?
• How is _____ related to _____?
• Why is _____________ significant?

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Asking the Right Questions

• Analysis- separation of whole into component
  parts
• What are the parts or features of ________?
• Outline, diagram, web _____
• How does _____ compare/contrast with _____?
• Synthesis- combining ideas to form a new whole
• What ideas can you add to ___________?
• How would you create/design a new _________?
• What might happen if you combine _______ with
  _______?
• Evaluation- development of opinions, judgments,
  decisions
• Do you agree __________________?
• What do you think about ________________?
• What is the most important ___________________?

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VANE

• Values
• Intangible beliefs of inner conviction
• Attitudes
• How we feel about something
• Needs
• Tangibles-things we see
• Intangibles-things we feel

• Expectations
• Minimum goals we attempt to achieve
• Perform your own VANE analysis
• Consider personal goals needed before opening a
  business?

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Setting Personal Goals

• In line with my governing values
• Time Dimensioned measurable
• Clearly and specifically defined
• Written
• Owned must be your own goals
• Realistic doable, attainable
• Am I willing to pay the price?

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Setting Personal Goals

• Making Choices
• Income
• Personal satisfaction
• Status
• Type of Work
• Life-style
• Capabilities
• physical
• psychological