Many people dream of opening and operating their own businesses. Are you one of them? To be successful, entrepreneurs must have certain characteristics; their profiles generally differ from those of people who work for someone else. Do you know which personal characteristics make some entrepreneurs succeed and others fail?

Do you fit the successful entrepreneur’s profile? What is your potential for opening and operating a successful small business?

Assignment

1. Use the resources of the library or the internet to establish what a successful entrepreneur’s profile is and to determine whether your personal characteristics fit that profile. You may be able to find some quizzes online (try https://smallbiztrends.com/2019/10/entrepreneur-quiz.html or https://www.bbc.com/news/business-33851439) that can help you to assess your personal characteristics.

The SBA also has helpful brochures.

2. Interview several small-business owners. Ask them to describe the characteristics they think are necessary for being a successful entrepreneur.

3. Using your findings, write a report that includes the following:

a. A profile of a successful small-business owner;

b. A comparison of your personal characteristics with the profile of the successful entrepreneur; and

c. A discussion of your potential as a successful small business owner.