Entrepreneur

Career Overview

An entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.

Education

No official training is required to become an entrepreneur; however, a two or four-year degree in business or another appropriate field (depending on the business type) would definitely be valuable!

Future Outlook

Overall employment of top executives is projected to grow 4 percent from 2019 to 2029, about as fast as the average for all occupations. Projected employment growth varies by occupation.

Work Environment

The work environment will depend on the type of business that is opened. Typically, an entrepreneur will likely work many hours per week (many more than 40), especially during the first few years after the business has been opened.

Recommended High School Courses

Business
Public Speaking
Communication
Finance
Economics
Public Relations
Marketing

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Coordination - Adjusting actions in relation to others' actions.
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Mathematics - Using mathematics to solve problems.
Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Negotiation - Bringing others together and trying to reconcile differences.
Persuasion - Persuading others to change their minds or behavior.
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
Service Orientation - Actively looking for ways to help people.
Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
Speaking - Talking to others to convey information effectively.
Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

Category Flexibility - The ability to generate or use different sets of rules for combining or grouping things in different ways.
Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
Fluency of Ideas - The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
Near Vision - The ability to see details at close range (within a few feet of the observer).
Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Speech Clarity - The ability to speak clearly so others can understand you.
Speech Recognition - The ability to identify and understand the speech of another person.
Written Comprehension - The ability to read and understand information and ideas presented in writing.
Written Expression - The ability to communicate information and ideas in writing so others will understand.

Execute sales or other financial transactions.
Purchase products or services.
Collect payments for goods or services.
Correspond with customers to answer questions or resolve complaints.
Create marketing materials.
Calculate data to inform organizational operations.
Determine the value of goods or services.
Create images of data, locations, or products.
Market products, services, or events.
Maintain data in information systems or databases.
Identify strategic business investment opportunities.
Allocate physical resources within organizations.
Analyze business or financial data.
Develop financial or business plans.
Develop business or financial information systems.
Obtain information about goods or services.
Update professional knowledge.
Develop business or market strategies.

Schools

Academy Canada- Corner... ●

Academy Canada- St. Jo...

Academy Of Learning- B...

Academy Of Learning- H...

Academy Of Learning- R...

Acadia College- Surrey...

Algoma University- Bra...

Algoma University- Sau...

Ambrose University

Anderson College Of He...

Assiniboine Community...

Athabasca University

Bishop's University

Booth University Colle...

Boreal College- Barrie...

Boreal College- Hamilt...

Boreal College- Hearst...

Boreal College- Kapusk...

Boreal College- London...

Boreal College- Nipiss...

Boreal College- Sudbur...

Boreal College- Timmin...

Boreal College- Toront...

Boreal College- Wellan...

Boreal College- Windso...

Bow Valley College- Do...

Brandon University

Canadian Business Coll...

Canadian Institute Of...

Canadian Mennonite Uni...

Capilano University- K...

Capilano University- L...

Capilano University- M...

Carlton Trail Regional...

Cdi College- Calgary C...

Cdi College- Calgary S...

Cdi College- Edmonton...

Cdi College- Mississau...

Cdi College- North Yor...

Cdi College- Richmond...

Cdi College- Scarborou...

Cdi College- Surrey Ca...

Cdi College- Vancouver...

Coast Mountain College...

Collège Boréal

College Of New Caledon...

College Of The North A...

College Of The Rockies...

Conestoga College- Bra...

Conestoga College- Gue...

Dalhousie University

Dalhousie University-...

Douglas College- Coqui...

Douglas College- New W...

Durham College- Oshawa...

Fanshawe College- Lond...

First Nations Universi...

Fleming College- Suthe...

Georgian College- Barr...

Horizon College & Semi...

Ibt College

Insignia College Of He...

King's University

Kwantlen Polytechnic I...

Kwantlen Polytechnic U...

Maritime Business Coll...

National Academy Of He...

Northern Alberta Insti...

Okanagan College- Pent...

Oulton College- Main C...

Portage College- Lac L...

Providence College And...

Royal Roads University

Saint Mary's Universit...

Simon Fraser Universit...

St. Francis Xavier Uni...

St. Mary's University

Thompson Rivers Univer...

Trent University- Durh...

Tyndale University

Université Laval

University Of New Brun...

University Of Quebec-...

Vancouver Community Co...

Concordia University- L...

Crandall University

Camosun College

Potential Scholarships

5 Strong Scholarship

Agnes M. Lindsay Scholars...

- Traditional Fulbright P...

Approx Salary Expectation

Currency:

Low End:

$45,050.00 /yr

Avg/Med:

$100,780.00 /yr

High End:

$208,000.00 /yr

Related Careers

Office Manager

Financial Analyst

Retail Store Manager

Sales Coordinator

References

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, https://www.bls.gov/ooh/.
Trend Analysis - Explorer the Market, Labour Market Information, Government of Canada https://www.jobbank.gc.ca/trend-analysis.
O*NET OnLine, National Center for O*NET Development, https://www.onetonline.org/.