ENTREPRENEURSHI

P
WHAT IS AN ENTREPRENEUR?
An Entrepreneur…

… takes on the risk of starting

their own enterprise or
investing in other start-ups.
WHAT IS AN ENTREPRENEUR?
Successful entrepreneurs
are known for…

… Finding innovation
and market gaps for new
products and services.
ENTREPRENEUR – ORIGIN OF THE
TERM

ENTREPRENDRE
(19TH C. FRENCH
WORD):

means ‘somebody who

undertakes’.
DEFINITION OF AN ENTREPRENEUR
An entrepreneur is someone
“who sets up a business or
businesses, taking on financial
risks in the hope of profit”.

(Oxford Dictionaries
definition)
ENTREPRENEURS AND RISK
Entrepreneurs are often
stereotyped as high-stakes
gamblers….

… but successful
entrepreneurs only take
calculated risks.
ENTREPRENEURIAL TRAITS
 Persistence
 Self-esteem

 Discipline

 Resourcefulness

 Being streetwise

 Passion
 SIX PILLARS OF CHARACTER IN A HUMAN BEING:

1. Trustworthiness
 Be honest • Don’t deceive, cheat or steal • Be reliable — do what you say
you’ll do • Have the courage to do the right thing • Build a good reputation
• Be loyal — stand by your family, friends and country
2. Respect
 Treat others with respect; follow the Golden Rule • Be tolerant of
differences • Use good manners, not bad language • Be considerate of the
feelings of others • Don’t threaten, hit or hurt anyone • Deal peacefully with
anger, insults and disagreements
3. Responsibility
 Do what you are supposed to do • Persevere: keep on trying! • Always do
your best • Use self-control • Be self-disciplined • Think before you act —
consider the consequences • Be accountable for your choices
4. Fairness
 Play by the rules • Take turns and share • Be open-minded;
listen to others • Don’t take advantage of others • Don’t blame
others carelessly
5. Caring
 Be kind • Be compassionate and show you care • Express
gratitude • Forgive others • Help people in need
6. Citizenship
 Do your share to make your school and community better •
Cooperate • Get involved in community affairs • Stay
informed; vote • Be a good neighbor • Obey laws and rules •
Respect authority • Protect the environment
 WHAT IS CHARACTER
 Character is something that is inside you which
people see no matter how hard you hide it.
Saying that someone has ―character‖ means a
lot; it is the biggest compliment a person can
ever have from someone else.
 Character is a combination of traits that show
strong ethical principles and maturity in a
person. Ethical principles are standards for
right or wrong behavior that a person values
highly.
 PERSONAL ENTREPRENEURIAL
CHARACTERISTICS

Achievement Planning Cluster Power Cluster

Cluster • Goal Setting • Persuasion &
• Opportunity Seeking • Information Seeking Networking
• Persistence • Risk Taking • Self Confidence
• Commitment to Work
Contract
• Demand for Efficiency
& Quality
ACHIEVEMENT CLUSTER
1. Opportunity Seeking – if he sees and acts on new business
opportunities and seizes unusual opportunities to acquire
financing.
2. Persistence – one who takes repeated or different actions to
overcome obstacles,make sacrifices
3. Commitment to the contract of work- committed to work
4. Risk Taking – a successful entrepreneur takes calculated,
moderate and reasonble risks where he perceives the chances
of winning.
5. Demand for quality and efficiency –demand for products with
quality.
 PLANNING CLUSTER
1. Goal Setting – short term and long term
objective
2. Information Seeking – seeks information that
is relevant and useful to his present or future
business.
3. Systematic Planning and Monitoring –set
objective goals and plan the methods that will
be used to meet these goals.
POWER CLUSTER
1. Persuasion and Networking – to be
able to convince others

2. Self-Confidence – it is believing in
oneself and capability
DO YOU KNOW YOURSELF?
Thank you!!