Strengthening Your Entrepreneurial Characteristics | Meir Waknine

Strengthening Your Entrepreneurial Characteristics Meir Waknine

Rewards of Entrepreneurship •

Being Your Own Boss

•

Doing Something You Enjoy

•

Having the Opportunity to Be Creative

•

Having the Freedom to Set Your Own Schedule

•

Having Job Security

•

Making More Money

•

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.

•

62% of Entrepreneurs had parents or relatives who owned a business

•

Many Entrepreneurs were in uenced by a role model

•

Role Model: A person whose attitudes and achievements they tried to emulate. fl

•

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.

ff

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.

fi

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

6.

Organizing and Planning Skills

7.

Teamwork Skills

8.

Social Skills

9.

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.

•

Set out to be the best at whatever you do.

•

Try to accomplish the extraordinary

•

Write you goals down on paper

•

Pursue your goals with con dence and commitment.

•

View di culties as opportunities to learn and grow.

fi

ffi

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