Entrepreneurship Module 2 Student Activity Sheet PDF

APP 004: Entrepreneurship Module #2 Student Activity Sheet Name Class number: Section: Schedule:...

APP 004: Entrepreneurship Module #2 Student Activity Sheet Name Class number: Section: Schedule: Date: Lesson title: Knowing the Qualities of an Entrepreneur Materials: Learning Targets: SAS At the end of this module, I should be able to: References: 1. Identify personal characteristics of an entrepreneur; and Characteristics of Successful 2. Describe the different entrepreneurial skills and its Entrepreneurs by Peter Daisyme importance. (August 24, 2014) https://whattobecome.com/blog/ent repreneur-statistics A. LESSON PREVIEW/REVIEW Introduction As a review on the first sessions, I would like you to analyze the pictures. Direction: Identify what evolution of entrepreneurs is described in every picture below. 1. 2. 3. B. MAIN LESSON Content and Skill-Building Being an entrepreneur requires specific skills. While some abilities might be naturally present, others can be learned or developed through careful practice. Understanding the qualities needed by entrepreneurs can help you grow to become a better business leader. In this session, we explain some of entrepreneurs’ characteristics and skills you can improve. Characteristics Definitions Self-Motivation You need to be able to push yourself. You aren’t answerable to anyone else as an entrepreneur, and that sometimes means that it’s hard to get moving without anyone to make you. Risk Tolerance Understanding calculated risks that are more likely to pay off is an important part of being an entrepreneur. You’ll need to be willing to take a few risks to succeed. This document is the property of PHINMA EDUCATION 1  APP 004: Entrepreneurship Module #2 Student Activity Sheet Flexibility Be willing to change as needed. Stay on top of your industry and be ready to adopt changes in processes and product as they are needed. Passion Passion is what will help you find motivation when you are discouraged, and it will drive your forward. Passion is fuel for successful entrepreneurship. Management Understand how money works so that you know where you stand, and so that you run Skills and your business on sound principles. Knowledge Vision The best entrepreneurs have a vision as to what they want to achieve, how they can accomplish their objectives, and whom they need on their side to reach their goals. Their vision acts like a compass that points them in the direction of opportunities Confidence They have to be confident both in themselves and in the products or services they sell. If they believe in themselves, they will have the ability to stay the course regardless difficulties or discouragement What Are the Most Important Time Management Skills Entrepreneurs Need? Networking Strategic Thinking Communication Branding Efficiency Curiosity Sales Finance Skill-building Activities Let’s practice! After completing each exercise, you may refer to the Key to Corrections for feedback. Try to complete each exercise before looking at the feedback. Exercise 1: How would you relate the skills of an entrepreneur in real life? Try the exercise below and identify what kind of skills of an entrepreneur is described in every situation. Choose you answer on the examples above. 1. Building a consistent personal and business trademark tailored to the right audience. 2. Growing a network facilitates business opportunities, partnership deals, finding subcontractors or future employees. 3. Crisp and concise collaboration is paramount for each and every interaction with clients, partners, peers, clients, prospects. 4. Great entrepreneurs are tasked to discover new problems, reveal potential This document is the property of PHINMA EDUCATION 2  APP 004: Entrepreneurship Module #2 Student Activity Sheet niche opportunities, refactor their original business process, and innovate. 5.Careful priority planning, defining milestones, execution, and iteration are all important. Exercise 2: Recall and name the 5 characteristics of an entrepreneur. Choose one from the characteristics that would fit you personality and explain why. 1.. 2.. 3.. 4.. 5.. Guided Questions: 1. Why have you chosen this character?. Exercise 3: Reflect on your learning for the day as well as evaluate the session. 1. Give one characteristic of an entrepreneur that you are thinking that you lack. Explain Why. 2. What will you do to overcome it? (Refer to question number 1) 3. What do you think is the kind of business that suits your skills? Why? This document is the property of PHINMA EDUCATION 3  APP 004: Entrepreneurship Module #2 Student Activity Sheet Check for Understanding Direction: Write the letter of the correct answer on the space provided. 1. You need to be able to push yourself. A. Confidence B. Flexibility C. Self-Motivation D. Vision 2. Always believe in yourself and your product. A. Confidence B. Flexibility C. Self-Motivation D. Vision 3. Crisp and concise collaboration is paramount for each interaction with clients. A. Confidence B. Communication C. Networking D. Sales 4. Growing a network facilitates business opportunities, partnership deals, finding subcontractors or future employees. A. Confidence B. Communication C. Networking D. Sales 5. Building a consistent personal and business trademark tailored to the right audience. A. Branding B. Curiosity C. Strategic Thinking D. Risk Tolerance C. LESSON WRAP-UP Summary / Frequently Asked Questions 1. What percent of entrepreneurs are successful? When it comes to running a business, about 80% make it through their first year. This percentage tends to gradually reduce as the years go by. Only 70% survive their second year, and by the tenth year, only about 30% remain in business. 2. What is the main reason of business failures? 82% of business failures are due to poor cash management. Business failures have become rampant in the world. This is usually due to the poor management of finance. According to popular entrepreneur statistics, about 82% of business failures are due to poor cash management. 3. 72% of small business owners say that they don’t check their mobile device while eating with others. As an entrepreneur, dealing with distraction from work can be a bit difficult. A research project reported that 72% of small business owners don’t check their mobile device while eating with others. This approach helps them maintain a healthy work-life balance. Thinking about Learning Congratulations for finishing this module! Shade the number of the module that you finished. Did you have challenges learning the concepts in this module? If none, which parts of the module helped you learn the concepts?. Some question/s I want to ask my teacher about this module is/are:. This document is the property of PHINMA EDUCATION 4