What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a...
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![Page 1: What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a business.” (Wall Street Words by David L. Scott)](https://reader030.fdocuments.net/reader030/viewer/2022032707/56649e165503460f94b00bd8/html5/thumbnails/1.jpg)
![Page 2: What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a business.” (Wall Street Words by David L. Scott)](https://reader030.fdocuments.net/reader030/viewer/2022032707/56649e165503460f94b00bd8/html5/thumbnails/2.jpg)
What Is an Entrepreneur?
“A risk-taker who has the skills and initiative to establish a business.”(Wall Street Words by David L. Scott)
![Page 3: What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a business.” (Wall Street Words by David L. Scott)](https://reader030.fdocuments.net/reader030/viewer/2022032707/56649e165503460f94b00bd8/html5/thumbnails/3.jpg)
Why Become an Entrepreneur?
Have a great idea
Be your own boss
Want financial independence
Want creative freedom
Help with college admissions
Others…
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Challenges of Being an Entrepreneur
About 1 out of 3 businesses fail within 4 years.(Michelle Singletary, 2007, Washington Post)
![Page 5: What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a business.” (Wall Street Words by David L. Scott)](https://reader030.fdocuments.net/reader030/viewer/2022032707/56649e165503460f94b00bd8/html5/thumbnails/5.jpg)
Do You Have What it Takes?
Are you a problem solver?
Do you have vision & goals?
Are you organized?
Are you a leader?
Are you willing to work hard?
Can you handle stress?
Are you comfortable with financial risk?
![Page 6: What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a business.” (Wall Street Words by David L. Scott)](https://reader030.fdocuments.net/reader030/viewer/2022032707/56649e165503460f94b00bd8/html5/thumbnails/6.jpg)
Exploring Business Ideas
The right business idea is something you are excited about and have a passion for.
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Factors to Consider
Your personal skills & experiencesTime you have to invest in a businessSupport of family & friends Money you have to work withWhat products or service will you sell?Will your idea fill a need?
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The Business Plan
Company name
Company description
Products & services
Marketing plan
Start-up expenses
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Start-up expenses Purchase or rental of equipment Supplies Insurance Transportation costs Advertising & printing costs License, permit & tax fees Material or product costs Labor costs
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Business Budget
A plan for spending and saving
Ensures your business does not run out of money
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Making My Own Job Activities
1. To Be or Not to Be…an Entrepreneur
2. Coming Up with a Business Idea
3. Creating a Business Plan
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