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Entrepreneurship

Entrepreneurship. Business Management Chapter 1.2 Glencoe Business Management. Name the Company. Michael Dell Sam Walton Steve Jobs Tom Anderson Philip Knight Wally Amos Henry Ford. Rose Blumkin Mark Cuban Russell Simmons Dave Thomas Bill Gates Ray Kroc Walt Disney.

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Entrepreneurship

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  1. Entrepreneurship Business Management Chapter 1.2 Glencoe Business Management

  2. Name the Company • Michael Dell • Sam Walton • Steve Jobs • Tom Anderson • Philip Knight • Wally Amos • Henry Ford • Rose Blumkin • Mark Cuban • Russell Simmons • Dave Thomas • Bill Gates • Ray Kroc • Walt Disney

  3. Entrepreneurship • Entrepreneur – One who organizes, manages, and assumes the risks of starting a business • Reasons for increase in small businesses: • Government Encouragement • Easy to Start • Lower Capital • Control Your Own Fate

  4. Risks Economy Disaster Fraud Inexperience Poor Strategy Obligations Financial Time Commitment Community Ownership

  5. Franchises • Franchise – legal agreement between a parent company and distributor to sell a product • Franchiser – parent company • Franchisee – distributor of the product or service • Examples – Budget Rent-a-Car, Denny’s, Goodyear, Howard Johnson, Orange Julius, Pizza Hut, Sbarro, Inc., TCBY, Wendy’s

  6. Assignment Choose an entrepreneur, research his/her history, and enter the information into the PowerPoint template provided

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