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ENTREPRENEURIAL ENTERPRISES

9-1. LESSON. GOALS. ENTREPRENEURIAL ENTERPRISES. Explain the importance of entrepreneurs in the development of an economy. Differentiate between the types of entrepreneurial businesses. Describe telecommuting and the effect of technology on home-based businesses.

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ENTREPRENEURIAL ENTERPRISES

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  1. 9-1 LESSON GOALS ENTREPRENEURIAL ENTERPRISES Explain the importance of entrepreneurs in the development of an economy. Differentiate between the types of entrepreneurial businesses. Describe telecommuting and the effect of technology on home-based businesses.

  2. The Economic Importance of Entrepreneurs • Innovation and the entrepreneurial spirit • Economic and social benefits of small business • Major creators of new products • Major source of jobs • Often provide personal service

  3. Types of Entrepreneurial Businesses • Agriculture, mining, and extracting companies • Manufacturing companies • Wholesalers • Retailers • Service companies

  4. Home-Based Businesses • Telecommuting

  5. 9-2 LESSON GOALS THE BUSINESS PLAN AND SELF-EMPLOYMENT Evaluate self-employment as a career option. Describe the first three sections of a business plan.

  6. Self-Employment as a Career • Advantages of self-employment • Disadvantages of self-employment • Qualities of successful entrepreneurs

  7. The Parts of a Business Plan • Business description • Organizational structure • Marketing activities • Financial planning • Production activities • Human resource activities • Information needs • Business description • Organizational structure • Marketing activities

  8. 9-3 LESSON GOALS OPERATING AN ENTREPRENEURIAL ENTERPRISE Outline the process of financing a small business. Identify the major business activities of a small business manager.

  9. The Parts of a Business Plan • Business description • Organizational structure • Marketing activities • Financial planning • Production activities • Human resource activities • Information needs • Financial planning

  10. Financing a Small Business • Analyzing costs • Variable costs • Fixed costs • Breakeven point • Sources of funds • Equity funds • Debt funds

  11. Financial Records of Small Businesses • Balance sheet • Income statement • Cash flow statement

  12. The Parts of a Business Plan • Business description • Organizational structure • Marketing activities • Financial planning • Production activities • Human resource activities • Information needs • Production activities • Human resource activities • Information needs

  13. Managing the Small Business • Production management • Human resources management • Information management

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