(Optional) Explain the concept of entrepreneurship.

Explanation should include

  • the concept that an entrepreneur is an individual who undertakes the creation, organization, and ownership of a business
  • basic personal and societal benefits of entrepreneurship
  • examples of local and national entrepreneurs. 

Process/Skill Questions:

  • What are the characteristics and skills needed to be a successful entrepreneur?
  • What are the risks and rewards of becoming an entrepreneur? 
  • What products do you now enjoy because someone took the time, money, and effort to become an entrepreneur?
  • What might be the five Ps for entrepreneurs?
  • How do local entrepreneurs contribute to the community and its economy?
  • What opportunities are there for entrepreneurship in your school and community?