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Dreams Come True If You Allow Them ToBy: Leanna Kirch
Entrepreneurship
What Is an Entrepreneur?
● An Entrepreneur is a creative and innovative individual who implements ideas to start a business.
■ Create a job for themselves and potentially for others.
■ They ultimately take on a great amount of financial risk.
● Not all entrepreneurs start a business to achieve a higher profit, most are trying to expand on their ideas.
Who Becomes An Entrepreneur?
● Entrepreneurs○ did better in high
school than they did in college.
○ come from middle class or upper-lower class families
○ have high self- esteem and close peer connections
● Entrepreneurial values usually begin to appear during youth.
Leadership Skills● Entrepreneurs are natural born
leaders.● More than half of all entrepreneurs
were not satisfied while working under someone else.
● A majority of entrepreneurs were the first in their families to launch a business.
Leadership Skills are shaped by:○ Negative and positive family
influences○ Previous life experiences ○ Past occupations○ Childhood
Creativity and Critical Thinking
● Entrepreneurs are the most creative individuals in society.
● Entrepreneurs have the ability to invent, combine concepts and compose novel ideas.
● New discoveries are uncovered by the entrepreneurial mind.
● The generation of new ideas is a critical part of entrepreneurship
The Risk of Entrepreneurship
● Entrepreneurs are not afraid to take risks or deal with change○ have elevated initiative○ determined to go through with their ideas○ willing to endure any consequences
● There’s a chance of failure, especially if the managing individual cannot focus on only one thing at a time.
● Approaches toward the project are shaped by existing constraints○ Pressures cause an individual to go about things in a
different way
Useful Ideas
● The lifeblood of entrepreneurship is novel and beneficial ideas○ Ideas must be rational
and well-thought through
○ Original ideas have the potential of generating revenue
○ Ideas must appeal to a particular market
The Skills Possessed
● Tenacity/ stubbornness● Motivation● Courage● Determination● Self-Discipline● Creative● Confidence● Open minded● Competitive● Outgoing● Passion
Why Starting a Business Could Benefit you
● Entrepreneurial success is the greatest way to achieve personal growth, as well as possible fortune and independence.○ The benefits in the long run
are endless; it’s just a matter of formulating ideas and acting upon them.
○ Occupational independence○ Ability to improvise on
thoughts and ideas
ASK ME FOR GREENGATE STICKERS!!!
Now You Get to Make Marshmallow Towers...
● You will be provided with:○ 20 sticks of spaghetti○ 10 toothpicks○ 2 ft. of string○ 3-4 in. of duct tape○ 4 large marshmallows○ 5 small marshmallows○ 1 green marshmallow
● I will put you into groups of 3 or 4● Your group will be given 7 minutes to build the tallest tower
possible with the materials provided.○ It is recommended that your group take a few minutes to
brainstorm, but it is not required○ The green marshmallow must be at the top of your tower○ After the 7 minutes is up, the group with the tallest tower
wins!
ALL of you will get marshmallows to eat after the activity, so please refrain from eating the ones I've provided
Works CitedBurns, Paul. Entrepreneurship and Small Business. Palgrave Macmillan Limited, 2001. Print.
Peredo, Ana Maria and Chrisman, James J., Toward a Theory of Community-Based Enterprise (August
10, 2004). Academy of Management Review, Vol. 31, No. 2, pp. 309-328, 2004. Available at SSRN:
http://ssrn.com/abstract=1190122
Sambrook, Sally, Henley, Andrew, Jones, Karen and Norbury, Heather, A Biographical Approach to
Researching Leadership and Entrepreneurship Development Processes in a Small Business
Context (October 1, 2011). Bangor Business School Research Paper No. 11/004. Available at
SSRN: http://ssrn.com/abstract=1952667 or http://dx.doi.org/10.2139/ssrn.1952667
Wadhwa, Vivek, Holly, Krisztina, Aggarwal, Raj and Salkever, Alex, Anatomy of an Entrepreneur:
Family Background and Motivation (July 7, 2009). Kauffman Foundation Small Research Projects
Research. Available at SSRN: http://ssrn.com/abstract=1431263 or http://dx.doi.org/10.2139/ssrn.
1431263
Ward, Thomas B. "Cognition, Creativity, and Entrepreneurship." Journal of Business Venturing (2003):
1-16. Elsevier Science Inc., 2003. Web. 25 Mar. 2013.