Assessing Self Employment Skills for Success

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Assessing Self Employment Skills for Success. Assessing Self Employment Skills for Success. Lesson Goals: For current and potential business owners to: Identify personal and business skills Examine business ideas and interests Assess entrepreneurial and management skills
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Assessing Self Employment Skills for Success Assessing Self Employment Skills for Success Lesson Goals:
  • For current and potential business owners to:
  • Identify personal and business skills
  • Examine business ideas and interests
  • Assess entrepreneurial and management skills
  • Learn how to succeed in home-based or micro businesses
  • Assessing Self Employment Skills for Success Three Types of Skills Needed to Run a Business Assessing Self Employment Skills for Success Assessing the Advantages & Disadvantages of Launching a Home-Based or Micro Business Assessing Self Employment Skills for Success Advantages of Home-Based or Micro Business Assessing Self Employment Skills for Success Advantages of Home-Based or Micro Business
  • Seeking and setting personal goals
  • Having more control over one’s life
  • Increasing personal fulfillment
  • Having control over the quality of work
  • Working independently of supervision
  • Enhancing creativity
  • Controlling working conditions
  • Remaining in a community or moving with spouse to a new community when jobs are scarce or not available
  • Reducing commuting problems
  • Meeting family obligations while generating income
  • Working flexible hours
  • Reducing overhead cost
  • Testing a business idea with a minimum of financial risk
  • Assessing Self Employment Skills for Success Disadvantages of Home-Based or Micro Business Assessing Self Employment Skills for Success Disadvantages of a Home-Based or Micro Business
  • Need to know a lot of information
  • Financial risk
  • Conflict in ownership of time
  • Lack of guaranteed employee fringe benefits
  • Many competing roles and responsibilities
  • Lack of job security
  • May require long, hard hours
  • Zoning laws
  • Lack of a “business” address
  • Home is no longer a refuge from the work place
  • No opportunity to escape home environment
  • Loss of social and business contacts, feedback, ideas
  • Household distractions
  • Family members and friends
  • Family conflicts can arise
  • Work discipline
  • Insurance Coverage and Liability
  • Assessing Self Employment Skills for Success Choosing a Business Type Product-OrientedService-Oriented
  • Self-made
  • Manufactured
  • Assessing Self Employment Skills for Success Determining or Confirming a Business Idea Points to Consider Favorite recreational activities Job(s) enjoyed the most Hobbies Community work enjoyed Environment preferred Indoors or outdoors City or rural area Personal goals
  • Age
  • Years of education or training
  • Favorite school subjects
  • Types of informal education
  • Current and/or previous jobs and duties
  • Reason for leaving each job
  • Assessing Self Employment Skills for Success Rate Yourself – Are You Ready to Start a Business?
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