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Entrepreneurship Unit Lesson 1 The Entrepreneurial Spirit Catch it!

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What is an Entrepreneur? Entrepreneurspeople who attempt to earn money & make profits by taking the risk of owning & operating a business.

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Advantages of Being an Entrepreneur. personal freedom (pick your own line of work; set own hours; you decide what youll do each day) personal satisfaction (entrepreneurs have a passion for their businessthey do it because they love it!) potential for increased income (assuming your business concept & hard work will keep you from becoming a statistic) increased self-esteem (owning a business is very gratifyingknowing it is successful because of you!)

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Disadvantages of Being an Entrepreneur great risk & potential loss of income (high failure rate among business start-ups) long, irregular hours (16+ hour days are the norm) need for daily discipline (many tedious, time-consuming tasks; theres no calling in sick!)

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Characteristics of an Entrepreneur organizational skills tremendous personal drive leadership ability skills/knowledge specific to operating a business many have entrepreneurship in their blood lines

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Are you an Entrepreneur? Complete the Can I Be an Entrepreneur? packet.