Module 1 Notes

LL 1-1

Vocabulary Word:
Entrepreneur
Define Characteristics
● Motivation.
a person who organizes and manages ● Creativity.
any enterprise, especially a business, ● Persuasiveness.
usually with considerable initiative ● Vision.
and risk. ● Versatility.
● Risk tolerance.
● Flexibility.
● Decisiveness.

Examples Non-Examples
- Software developer - Teacher
- Store owner - Store Clerk
- Bike Repair Shop Owner - Police Officer

http://www.dictionary.com/browse/entrepreneur
https://www.monster.com/career-advice/article/entrepreneur-traits

LL 1-2
1. List 10 suggestions that Cameron Herald has for schools and parents to
encourage children to develop entrepreneurial traits.
- Allowances breed kids to want a regular paycheck
- Instead let the kids find jobs to be done and negotiate payment
- Don’t waste any money (not $0.01 or even $0.005)
- Develop budgeting (50% house account, 50% toy account) - Lots of Saving!
- Don’t read bedtime stories every night - maybe for 4 nights and get them to tell
stories 3 of the nights (teaches them to sell, creativity, etc)
- Get kids to stand up in front of people and talk (good traits)
- Show kids what bad customers or bad employees look like
- Rank entrepreneurship as a “good” job
2. Define each of the entrepreneurial traits that Cameron Herald refers to around
the 15 minute mark in the talk. Which of these traits overlap with the list above?
- attainment, tenacity, leadership, introspection, interdependence, values
- Don’t medicate for attention disorders
 3. What are the 12 skills that children should be taught at school, which relate to
entrepreneurship?
Answered in question 1-2.
4. What are the 5 benefits of entrepreneurship?
Answered in question 1-2.
5. What was the most interesting or thought-provoking thing that you heard in this
video? Explain.
- I found this powerful: “It drives me crazy that 30-year-olds are saying, "Maybe I'll
start contributing to my RSP now." Shit, you've missed 25 years. You can teach
those habits to young kids, when they don't even feel the pain yet.”

LL 1-3

What are 3 entrepreneurial characteristics that you feel Maya Penn demonstrates
(either from the list above, or from Cameron Herald’s list)? Explain how Maya
demonstrates the characteristics that you notice.

● Creativity

○ This is shown as she states, “There was a virus on my computer, and I was

trying to get rid of it,and all of a sudden, I just thought, what if viruses have

their own little world inside the computer?”

○ This creativity is what helps her to create her cartoons

■ Typically stemming from a problem facing the world or daily life

● Decisiveness

○ This is shown as she states, “There was a program on TV about jobs most kids

don't know about. When I understood that an animator makes the cartoons I saw

on TV, I immediately said, "That's what I want to be." I don't know if I said it

mentally or out loud, but that was a greatly defining moment in my life.

● Motivation

○ This is shown as she continues to create new entrepreneurial adventures:

Starting with cartoons and continuing “at eight years old, I took my ideas and
 started my own business called Maya's Ideas, and my nonprofit, Maya's

Ideas for the Planet. And I make eco-friendly clothing and accessories.”

■ Motivation is needed to continue this entrepreneurial pathway

LL 1-4

After listening to the two interviews, choose ONE characteristic you feel is the most

important for a successful entrepreneur. Explain why you made your choice.

I understand many of the factors that are important for a successful entrepreneur,

although I would like to talk about a characteristic that was different from my original

thought; not necessarily the most important characteristic to be successful, but I believe

it is the most important characteristic in today’s world. I’d like to reference Penn’s

comment, “I feel I'm part of the new wave of entrepreneurs that not only seeks to have a

successful business, but also a sustainable future. I feel that I can meet the needs of my

customers without compromising the ability of future generations to live in a greener

tomorrow.” Personally, I believe this act of being able to meet the needs of customers

without compromising future generations is the most important characteristic of an

entrepreneur. With the effects of global warming having devastating effects throughout

the world (and with them only getting worse), it is of the utmost importance that

businesses becoming more environmentally friendly. This frame of mind has to start

with beginning entrepreneurs.