LAC 28:CXLIII.301. Strand One: Traits and Characteristics

A. Focus. Entrepreneurs typically exhibit certain traits that set them apart from others. This strand focuses on those personal characteristics that are important—both now as students and as working adults in a knowledge-based economy. B. Standard 1. Students will identify personal characteristics associated with entrepreneurs. Benchmark 1-A. Identify Personality Traits of Successful Entrepreneurs 1-A-1 | Demonstrate ethical work habits 1-A-2 | Demonstrate creativity 1-A-3 | Exhibit enthusiasm for goal attainment Benchmark 1-B. Identify and Use Team-Building Strategies 1-B-1 | Share authority appropriately 1-B-2 | Be sensitive to feedback and use it to understand yourself 1-B-3 | Cultivate mentoring relationships with individuals in their entrepreneurial areas Benchmark 1-C. Demonstrate the Importance of Entrepreneurship in the Economy 1-C-1 | Define entrepreneurs 1-C-2 | Explain what entrepreneurs do 1-C-3 | Describe opportunities that led to the development of successful entrepreneurial endeavors Benchmark 1-D. Identify Long-Term Goal and Short-Term Objective for Self-Improvement 1-D-1 | Recognize and apply criteria for self-development 1-D-2 | Explain the meaning of self-esteem 1-D-3 | Explain the impact of conflict between real-life experiences and a person’s self image 1-D-4 | Confront the reality of mistakes or failures and at the same time maintain self-esteem 1-D-5 | Visualize improvements in their personality that will allow them to reach their full potential 1-D-6 | Develop plans for achieving self-improvement goals and objectives Benchmark 1-E. Recognize Ideas and Methods Needed for Professional Development 1-E-1 | Explore career opportunities in business and entrepreneurship based on current/future economy 1-E-2 | Identify and utilize sources for career information 1-E-3 | Utilize resources that can contribute to professional development (e.g., trade journals, professional trade associations, seminars, trade shows, mentors, etc.) C. Standard 2. Students will examine thought processes and behaviors associated with entrepreneurship. Benchmark 2-A. Use the Decision-Making Process to Develop a Career Plan 2-A-1 | Explain the decision making process Benchmark 2-B. Recognize Effective Time-Management Strategies 2-B-1 | Discuss the benefits of time management strategies Benchmark 2-C. Identify Business Etiquette 2-C-1 | Discuss the importance of etiquette 2-C-2 | Distinguish between appropriate and inappropriate etiquette Benchmark 2-D. Assess the Opportunities for a New Business 2-D-1 | Demonstrate an understanding of entrepreneurial discovery 2-D-2 | Describe idea generation 2-D-3 | Generate venture ideas 2-D-4 | Determine feasibility of ideas Benchmark 2-E. Examine Financing Opportunities 2-E-1 | Determine and assess the opportunities for venture creation 2-E-2 | Define start 2-E-3 | Compare the relationship of financing to other entrepreneur functions 2-E-4 | Discuss the importance of building financial relationships 2-E-5 | Compute the cost of credit 2-E-6 | Compute the cost of extending credit Benchmark 2-F. Develop Exit Strategies 2-F-1 | Explain the need for continuation planning 2-F-2 | Describe methods of venture harvesting