The Empowered Entrepreneur Training Handbook is designed to support an organization and its trainers in empowering women micro-entrepreneurs, small.

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Entrepreneurship powerpoint slide • 1. MAHLATSI LERATO POWERPOINT PRESENTATION • Entrepreneurship DEFINITION • What is an Entrepreneur?  An Entrepreneur (ahn’tra pra nur) is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. Any person (any age) who starts and operates a business is an entrepreneur.

• Entrepreneurship  Agricultural students have been entrepreneurs since the beginning of agricultural education. • Entrepreneurship  The Smith-Hughes Act of 1917 (which provided federal funding for agricultural programs) required all students to have an entrepreneurship program – but they weren’t called entrepreneurs back then. • Early Entrepreneurship  These early entrepreneurship programs were called different names:  Farming Program  Productive or Production Enterprises  Ownership • Early Entrepreneurship  The early SAE Entrepreneurship program primarily involved:  Raising Livestock  Growing Crops • Entrepreneurship Today  Today, agricultural students are involved in many different types of entrepreneurial activities.

 Entrepreneurship in agriculture can still be raising livestock and growing crops, but it can be much, much more than that. • Agricultural Entrepreneurship  Entrepreneurship: The student plans, implements, operates and assumes financial risks in a farming activity or agricultural business. In entrepreneurship programs, the student owns the materials and other required inputs and keeps financial records to determine return to investments. • Agri-Entrepreneurs Example  Lawn Maintenance Service • Agri-Entrepreneurs Example  Raise and Sell Fishing Bait • Agri-Entrepreneurs Example  Custom Crop Harvesting • Agri-Entrepreneurs Example  Pet Sitting Service • Agri-Entrepreneurs Example  Fishing Guide • Agri-Entrepreneurs Example  Operating a Roadside Marketing Selling Produce • Agri-Entrepreneurs Example  Making and Selling Christmas Wreathes • Agri-Entrepreneurs Example  Operating a Small Engine Repair Service • Three Aspects of Entrepreneurship  1.

The identification/recognition of market opportunity and the generation of a business idea (product or service) to address the opportunity • Three Aspects of Entrepreneurship  2. The marshalling and commitment of resources in the face of risk to pursue the opportunity • Three Aspects of Entrepreneurship  3. The creation of an operating business organization to implement the opportunity-motivated business idea • Successful Entrepreneurs  According to the Small Business Administration, successful entrepreneurs have five characteristics:  Drive, which is defined as the most important attribute. Entrepreneurs can expect long hours, high stress and endless problems, as they launch a new business. • Successful Entrepreneurs  According to the Small Business Administration, successful entrepreneurs have five characteristics:  Thinking Ability, or the characteristic that encompasses creativity, critical thinking, analytical abilities and originality. • Successful Entrepreneurs  According to the Small Business Administration, successful entrepreneurs have five characteristics:  Aptitude for Human Relations.

This characteristic recognizes the importance of the ability to motivate employees, sell customers, negotiate with suppliers and convince lenders. Personality plays a big part in success in this area.