It gives them the freedom to make their own business decisions.
What is Being your own boss?
100
During the startup, survival often depends on making wise decisions. A lot of entrepreneurs cannot afford help and devote a lot of time into the business.
What is working long hours?
100
Entrepreneurs are willing to work until a job gets done, no matter how long it takes.
What is persistent?
100
Many entrepreneurs are _________ from an early age.
What is independent?
100
A person which a record of success
What is an achiever?
200
A business owner's earnings are limited only by the potential of her business.
What is making more money?
200
The rivalry among consumer dollars causing business ownership to be a difficult undertaking.
What is competition?
200
Entrepreneurs look for new ways to solve old problems.
What is creative?
200
A person whose attitudes and achievements you've tried to emulate.
What is role model.
200
Entrepreneurs were motivated by a need for an inner feeling of personal accomplishment.
What is achievement.
300
Business ownership carries with it a certain amount of prestige through the contributions entrepreneurs make.
What is being recognized in the community
300
When business is bad, earnings can be low or nonexistent.
What is having uncertain income?
300
Once entrepreneurs achieve their goals, they begin looking for new challenges.
What is restless?
300
40% of entrepreneurs had this form education
High school diploma.
300
How can you strengthen you entrepreneurial characteristics?
Reading, Writing, Watching, and Solving.
400
Entrepreneurs control their own destiny. As long as business is successful.
What is Having Job Security?
400
The business owner must ensure that everything gets done.
What is being fully responsible.
400
Entrepreneurs should have a basic understanding of how the economy works and an understanding of fundamental concepts of finance, marketing, and management.
What is basic business skills?
400
62% of entrepreneurs had these people who owned a business.
What is the % of parents and relatives?
400
What does this 3 step process help you gain competency in?
1. Learning the techniques needed to use this skill.
2. Put the skill to work on real-world situations.
3. Ask you self whether you get results you want.
Foundation Skills.
500
Name the 7 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
500
The 4 Risks of Entrepreneurship
What is working long hours, having an uncertain income, being fully responsible, risking one's investment?
500
The skills that are used when setting up and running a business?
What is foundation skills?
500
How many entrepreneurs were under the age of 35 when they started their business.
47% Nearly half.
500
What does this 3 step process help you develop?
1. Determine the strength of your entrepreneurial characteristic.
2. Think of entrepreneurial characteristics as habits you can improve.
3. Develop your weak characteristics by practicing and acting as though you have the traits you want to develop.