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Entrepreneurship

Entrepreneurship. People who own, operate, and take the risk of a business venture”. What is an entrepreneur?. The process of running a business of one’s own.”. Entrepreneurship. Entrepreneurs assume risk.”. What is the difference between an employee and an entrepreneur?.

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Entrepreneurship

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  1. Entrepreneurship

  2. People who own, operate, and take the risk of a business venture” What is an entrepreneur?

  3. The process of running a business of one’s own.” Entrepreneurship

  4. Entrepreneurs assume risk.” What is the difference between an employee and an entrepreneur?

  5. People who work for someone else.” Employees

  6. To pursue a personal dream. • To be your own boss. • To do something you enjoy. • To be creative. • Freedom to set your own schedule. • Controlling your own destiny. • Being recognized in the community. • Possibility of making more money. Why Do People Become Entrepreneurs?

  7. Manufacturing • Wholesaling • Retailing • Service Types of Entrepreneurial Businesses

  8. Apparel and other textile products • Chemicals and related products • Electronics and other electrical equipment • Fabricated metal products • Food products • Industrial machinery and equipment • Printing and publishing • Rubber and miscellaneous plastic products • Stone, clay, and glass products MANUFACTURING…produce the products they sell

  9. Apparel • Electrical goods • Groceries and related products • Hardware, plumbing, heating equipment • Lumber, construction materials • Machinery, equipment, supplies • Motor vehicles, automotive equipment • Paper, paper products • Petroleum, petroleum products WHOLESALING…sell products to people other than the final consumer

  10. Auto and home supply stores • Building materials and supply stores • Clothing stores • Florists • Furniture stores • Gift, novelty, and souvenir stores • Grocery stores • Hardware stores • Jewelry stores • Retail bakeries • Shoe stores • Sporting goods and, bicycle stores RETAILING…Sell products directly to the people who use or consume them

  11. Appliance repair • Automotive repair • Babysitting • Bookkeeping • Consulting • Dance instruction • Exterminators • Electrical services • Flower decorating • House cleaning • Lawn care • Painting • Plumbing • Translating • Travel agency • Tutoring SERVICE…sell services rather than products

  12. Agricultural – generate fresh produce and other farm products • Mining and extracting – take resources like coal out of the ground so they can be consumed OTHER BUSINESS AREAS

  13. More than 6.5 million small businesses contribute billions of dollars every year to the United States economy. Entrepreneurs Today

  14. Small companies employ more workers than all of the country’s large corporations combined. Importance of Entrepreneurship

  15. Many large companies began as small companies. • Small companies can be more creative and take more risks. • Their experimentation leads to technological success and increased productivity. Importance of Entrepreneurship

  16. Entrepreneurship • Entrepreneurs • Employees • Manufacturing • Wholesaling • Retailing • Service • Agricultural • Mining and extracting REVIEW OF VOCABULARY

  17. Henry Ford • Eli Whitney • Milton Hershey • Walt Disney • Ben Franklin • Howard Hughes • Steve Jobs • Bill Gates • Donald Trump • Debbi Fields • Estee Lauder • Coco Chanel • Oprah Winfrey • Ben & Jerry • Mary Kay Ash • Clarence Birdseye Entrepreneurs who changed US History

  18. Project • Create a PowerPoint describing an entrepreneur who has made an impact on American society. • Choose the entrepreneur and receive teacher approval • Research the entrepreneur and create a works cited using MLA (You may use easybib.com) • Information to include in PowerPoint: • Brief childhood background (if you can find it) • Schooling or training received • Characteristics that made the individual a successful entrepreneur • Unique idea or business • Failures along the way to success • Reason why the entrepreneur was successful • Please include at least two pictures of the entrepreneur (These must be endnoted and sites recorded in the works cited.) • Prepare a brief speech to present to the class.

  19. GRADING – 100 POINTS • INFORMATION - 5 POINTS EACH (30 POINTS) • Brief childhood background (if you can find it) • Schooling or training received • Characteristics that made the individual a successful entrepreneur • Unique idea or business • Failures along the way to success • Reason why the entrepreneur was successful • CITATIONS – (20 POINTS) - MUST HAVE AT LEAST 4 SOURCES • Proper endnotes • Correct citations in works cited • PRESENTATION – (50 POINTS) – 1 POINT OFF FOR EVERY SPELLING ERROR • Two pictures are used • Abbreviated information on slides • Preparation • Presentation technique (eye contact, posture, speech)

  20. Eye Contact Enunciate Understandable Pace Posture/Body Language Enthusiasm/Inflection/Energy Know Your Subject Matter Practice Qualities of a Good Speech

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