An overview of the How to Start a Small Business webinar series for newcomers. Also outlines the steps of self-evaluation to see if one can be a small business owner

1. Introduction.
Entrepreneurship
Section 1

2. Over View
This webinar series on entrepreneurship, will provide information on how to become
an entrepreneur, and how to establish a small business in Manitoba. The entrepreneurship
workshop covers series of presentations with guest speakers. The topics below will be
discussed in sections, each section will be held on different dates and in the order listed.
 Self Awareness/ Assessment
 Research/ Information Gathering
 Legal Procedures , management/Operations
 Guest speaker
 Guest speaker

3. Objectives
 Know what is “entrepreneurship” and “entrepreneur”
 Learn the steps to become an entrepreneur.
 Know how to start a small business in Manitoba.
 Conduct self evaluation or awareness
 Know your ability in the areas of risks taking, stress management, goals setting, and
reasoning.
 Know the must-have skills to succeed as an entrepreneur.

4. What Is
Entrepreneurship?
Entrepreneurship is the creation or
extraction of value. Entrepreneurship is
viewed as change, generally entailing
risk beyond what is normally
encountered in starting a business,
which may include other values than
simply economic ones. Wikipedia
The activity of setting up a business or
businesses, taking on financial risks in
the hope of profit. Oxford
A person who organizes and operates a business
or businesses, taking on greater than normal
financial risks in order to do so. Oxford
.

5. What is a small business?
Small businesses are privately-owned corporations,
partnerships, or sole proprietorships which have fewer
employees and/or less annual revenue than a regular-sized
business or corporation. Wikipedia

6. Steps
Self Awareness/ Assessment
Research/ Information Gathering
Making Contacts/ Resource Links
Legal Procedures
Management/Operations

7. Any question?

8. Self
evaluation
Identifying your Skills and Abilities.

9. What is self awareness/evaluation?
- Self-awareness is the experience of one's own personality or individuality.
Wikipedia
- Self-awareness is a conscious knowledge of one's own character, feelings,
motives, and desires. Oxford dictionary
- Your self-evaluation is an opportunity to highlight how you used your unique
strengths to accomplish your goals while also being honest about areas you
could improve. www.tinypulse.com

10. Assessing my ability and skills
(what I can do?)
Can I take
RISK?
What is my
understanding
of GOALS?
How do i
respond to
STRESS?
Why
do I want to be
an
entrepreneur?

11. Any question?

12. Risk perception
* Risk management is the process of identifying, assessing and controlling threats to an organization's capital
and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty,
legal liabilities, strategic management errors, accidents and natural disasters. or
* In the world of finance, risk management refers to the practice of identifying potential risks in advance,
analyzing them and taking precautionary steps to reduce/curb the risk.
* When an entity makes an investment decision, it exposes itself to a number of financial risks. Widely, risks
can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.
* Risk management is important in an organisation because without it, a firm cannot possibly define its
objectives for the future. ... The whole goal of risk management is to make sure that the company only takes
the risks that will help it achieve its primary objectives while keeping all other risks under control.

13. Stress management.
Stress is the feeling of being overwhelmed or unable to cope with mental or emotional
pressure.
 Try using one of the four A's: avoid, alter, accept or adapt.
 Effective stress management helps you break the hold stress has on your life, so you
can be happier, healthier, and more productive.
 The ultimate goal is a balanced life, with time for work, relationships, relaxation, and
fun.
 The resilience to hold up under pressure and meet challenges head on.

14. Goal Orientation
Goal orientation describes the actions of people and organizations regarding reaching their
primary aims. Goal orientation is an "individual disposition towards developing or validating one's
ability in achievement settings". Wikipedia
 How and where do you see the business?
 Discipline, handling challenges, how proactive?
 According to Organizational Psychology Degrees in business, goal orientation is a type of
strategy that affects how the company approaches its revenues and plans for future projects.
 While all businesses are naturally goal-oriented in some way, goal orientation plays an important
role in focus and fund allocation, and in management styles.
www.smallbusiness.chron.com

15. Goals
Orientation.
Goal oriented entrepreneurs
achieve the maximum results
from their efforts in business
due to the fact they work
towards clear and measurable
targets. You are the architect of
your own business. You have to
accept responsibility for your
long-term success. Working
towards clearly defined goals is
essential.
www.dreamstime.com

16. Reason
The question; Why d I want to be an entrepreneur?
* Mandatory journey to take.
* Achievements in education makes some people realize that
working for others is no longer a life suited for them.
* Driven with the need to succeed & control your own destiny.
* Achievement, Challenge, & Learning.
* Independence & Autonomy.
* Income Security and Financial Success.
*Recognition and Status. * Family.
*Dissatisfaction with Current Work Arrangements.
* Community and Social Motivation.

17. This Photo by Unknown Author is licensed under CC BY

18. Becoming a successful entrepreneur.
MUST-HAVE SKILLS OR ATTITUDE
 Courage
 Driven to challenge .
 Be passionate about your work.
 Ready to take risks.
MUST-HAVE SKILLS OR ATTITUDE
 Trust yourself.
 Optimistic and not embrace fear.
 Visualize your Goals.
 Assessment /measures

19. As an
Entrepreneur,
you must have
or learn to have the
skills outlined on the
chart.
Entrepreneur
Passionate
Resilience
Proactiveness
Perseverance
Right
Attitude
Don’t
forget,

20. Skills outlined on preceding chart..
Personate: To have a strong feeling about a thing. Showing a strong feeling or belief about
something.
Right Attitude: Being optimistic about your self, situation, in this case business. This will lead
to productivity and good working environment.
Perseverance: Being persistence in doing something despite difficulty or delay in achieving
success or your goals.
Resilience: Involve your adaptability to emerging changes or adapting well in the face of
adversity.
Proactive: involves future anticipation. it’s acting in anticipation of future problems, needs, or
changes.

21. giphy.co
m
Questions
Entrepreneurial Self-assessment
https://cfmanitoba.ca/images/west-interlake/docs/entrepreneur_assessment.pdf
https://www.canadastartups.org/quizzes/entrepreneur-assessment/
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/business-assessments/self-
assessment-test-your-entrepreneurial-potential