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Entrepreneurial Skills & Process

Entrepreneurial Skills & Process. BDI3C. Skills Important for Entrepreneurship. creative thinking research planning decision-making organization communication. Entrepreneurial Skills (cont.). team building marketing financial management record keeping strategic planning goal setting.

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Entrepreneurial Skills & Process

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  1. Entrepreneurial Skills & Process BDI3C

  2. Skills Important for Entrepreneurship • creative thinking • research • planning • decision-making • organization • communication

  3. Entrepreneurial Skills (cont.) • team building • marketing • financial management • record keeping • strategic planning • goal setting

  4. The Entrepreneur’s Dozen Examines needs, wants and problems for which he/she feels something can be done to improve the way needs/wants are met or problems overcome.

  5. The Entrepreneur’s Dozen Narrows the possible opportunities down to one specific opportunity.

  6. The Entrepreneur’s Dozen Thinks of an innovative idea.

  7. The Entrepreneur’s Dozen Researches the opportunity and idea thoroughly.

  8. The Entrepreneur’s Dozen Enlists the best sources of advice and assistance that can be found.

  9. The Entrepreneur’s Dozen Plans the venture and looks for possible problems that might arise.

  10. The Entrepreneur’s Dozen Ranks the risk and the possible rewards.

  11. The Entrepreneur’s Dozen Evaluates the risk and possible rewards and makes a decision.

  12. The Entrepreneur’s Dozen Never hangs on to an idea, as much as it is loved, if research shows it won't work.

  13. The Entrepreneur’s Dozen Employs the resources necessary for the venture if the decision is made to go ahead.

  14. The Entrepreneur’s Dozen Understands that any entrepreneurial venture will take a great deal of long, hard work.

  15. The Entrepreneur’s Dozen Realizes a sense of accomplishment from successful ventures and learns from failed ones to achieve success in the future.

  16. The Entrepreneur’s Dozen E xamines needs, wants & problems N arrows possible opportunities T hinks of an innovative idea R esearches the opportunity and idea thoroughly E nlists advice and assistance P lans the venture R anks the risk and the possible rewards E valuates the risk and possible rewards and makes a decision N ever hangs on to an idea if research shows it won't work E mploys necessary resources U nderstands the venture will require long, hard work. R ealizes accomplishment from success & learns from failure

  17. The “Top 10” Characteristics Entrepreneurs tend to: • Have a spirit of adventure • Have a strong need to achieve and seek personal accomplishment • Be self-confident and self-reliant • Be goal-oriented • Be innovative, creative, versatile

  18. The “Top 10” Characteristics (cont.) Entrepreneurs tend to: • Be persistent • Be hardworking and energetic • Have a positive attitude • Be willing to take initiative • Have a strong sense of commitment

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