assessing self employment skills for success. lesson goals: for current and potential business...
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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
Assessing Self Employment Skills for Success
Three Types of Skills Needed to Run a Business
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
Assessing Self Employment Skills for Success
• 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
Advantages of Home-Based or Micro Business
Disadvantages of Home-Based or
Micro Business
Assessing Self Employment Skills for Success
Disadvantages of a Home-Based or Micro Business
Assessing Self Employment Skills for Success
• 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
Choosing a Business Type
Product-Oriented Service-Oriented– Self-made– Manufactured
Assessing Self Employment Skills for Success
Assessing Self Employment Skills for Success
• 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
• Favorite recreational activities
• Job(s) enjoyed the most
• Hobbies
• Community work enjoyed
• Environment preferred– Indoors or outdoors
– City or rural area
– Personal goals
Determining or Confirming a Business Idea Points to Consider
Rate Yourself – Are You Ready
to Start a Business?
Assessing Self Employment Skills for Success