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Why do people startbusinesses and whatmotivates people to“be their own boss”?CARD1030-Consulting In Career Development:Entrepreneurial and Intrapreneurial Roles
“Entrepreneurs average 3.8 failures before a finalsuccess. What sets the successful ones apart istheir amazing persistence. There are a lot ofpeople out there with good and marketable ideas,but pure entrepreneurial types almost never acceptdefeat.”Lisa M. Amos
Why do you think people start businesses? Internal Reasons External Reasons Fulfilling a purpose in life Economic (globalization, (create something, a real corporate restructuring, re- sense of achievement) engineering, free trade and Personality Dimensions technology development) (desire of independence, Societal control their own future, (employer/employee create true wealth and relationship) financial freedom) Political (simplify regulations Family Culture (role & government support) model/ parents’ expectations)
What motivates people to be their own boss? Able to do what they enjoy Financial gain Able to make their own rules Flexibility Able to challenge themselves Security
How would the career counsellor recognizeentrepreneurial traits when counselling a client? The career counsellor The client Establishes a trustful Has an idea or vision relationship Shows a high need for Performs counselling achievement techniques such as: active Recognizes an opportunity and reflective listening, or demand on the market performs assessments through formal instruments (online tests) and then makes recommendations
How would the career counsellor recognizeentrepreneurial traits when counselling a client? The career counsellor and the client should work together to help the client identify: Values and beliefs Likes and dislikes Limitations and strengths Competences and areas of expertise Levels of risk taking and creativity
What changes in the counselling practices (if any) would youmake for people interested in self employment compared topeople interested in jobs? Counselling practices intrapreneurship Discussions and assessments Resume writing/ Cover letter Job search workshops Interview preparation Job search websites, newspapers, magazines Networking Online profiles
What changes in the counselling practices (if any) would youmake for people interested in self employment compared topeople interested in jobs?Counselling practices entrepreneurship Discussions and assessments Become a better speaker and leader Dedicated publications, magazines, newspapers, legislation Community centers Networking Associations and organizations for small businesses Government financing programs Government sources of information
Case study Profile: woman, 40, B.A. (Honors), 5 years in Canada, Ukrainian, former teacher, last job copywriter, currently unemployed During Job search workshop counsellor identifies entrepreneurial traits such as: spirit of adventure, self-reliant, strong desire to achieve and to grow, goal- oriented, takes the risk and shares the risk, creative During individual counselling the initial observations are confirmed through discussions and the Business Development Bank of Canada Self Assessment Recommendations: Canadian Teacher Magazine, Canadian Council for Small Business and Entrepreneurship, government sources of information, school board meetings, community meetings, networking, The Ethical Standards for the Teaching Profession Ontario, Ontario Schools Code of Conduct After a few sessions, the client took our advice and now she runs a successful business in tutoring
Any questions?Thank you for your time!Team: Anca Andronic Antoaneta Baha Lacey Thorne Yi (Judy) Xu
Bibliography Grant, The Proactive Personality Scale as a Predictor of Entrepreneurial Intentions Kao, W.Y. Raymond, Entrepreneurship: A Wealth-Creation and Value-Adding Process Okanik, Barbara, Self-Directedness, Personality Type and Success in Self Employment Worsfold, Wes, Entrepreneurial and Intrapreneurial Roles - CARD1030 (course notes) Entrepreneurial Skills Personal Assessment Kiersey Character/Temperament Sorter Could You Be Your Own Boss? - Entrepreneurial self assessment from "Mazemaster" Self Employment Quiz - Services Canada