TLE

Personal entrepreneur

Entrepreneur - creates business, individual bearing risks

Entrepreneurship - FRENCH WORD: 'intrependre' meaning "to undertake"

- key to innovation, productivity, and effective competition

-realizing ability or capacity and uses it in establishing new business

Contribution to Economic Growth

develop new markets - opens door for customers

discover new sources - what they find within traditional sources

establishing new technology and products - satisfy human needs

generate jobs/employment - new business, more hired

traits of entrepreneur

adaptable, decisive, self-aware, persistent, innovative thinking, foresight, self-assured

Attributes of practicing entrepreneurship

willingness to learn - commitment to new knowledge

problem solver - creative solutions

risk taker - willing to take risks

planner - set goals

networker - network w/ other relative partners

Financial management expert - review financials

elements defining entrepreneural lifestyle

1. zest for life - enjoyment and enthusiasm

2. time for family and private life - time for personal life and family. something u can control within work environment

3. personal goals and corporation for business - reward both business and personal side, provide value for people, businesses and economy

  1. financial success - paramount that’s able to sustain and provide for future growth and expansion

the knowledge, skills, attitude, and motivation

determination/commitment

practical/realistic

independence

flexibility

resiliency

systematic approach - organized