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Entrepreneurship Opportunities

Entrepreneurship Opportunities. Checkpoint. Describe different types of entrepreneurial businesses. Recognizing Opportunity. Many companies began with one person who started a business based on a single opportunity.

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Entrepreneurship Opportunities

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  1. Entrepreneurship Opportunities

  2. Checkpoint Describe different types of entrepreneurial businesses.

  3. Recognizing Opportunity Many companies began with one person who started a business based on a single opportunity. Small businesses employ more workers than all of the country’s large corporations combined.

  4. Entrepreneurs Who Changed America • Starbucks Coffee Company • retailer of coffee products • introduced new product, • became international coffeehouse franchise • Espresso Chapter 1

  5. Entrepreneurs Who Changed America • corporate vision was to provide home improvement products • at the lowest price • with the best customer service • within 30 years, has expanded to 2,100 stores • The Home Depot Chapter 1

  6. Entrepreneurs Who Changed America • founded in 1986 • ___________is the first woman in history to own and produce her own talk show • HARPO Entertainment Group • HARPO Films • HARPO Video • HARPO Productions, Inc. Oprah Winfrey Chapter 1

  7. Geek Squad Video Clip

  8. Describe how the entrepreneurs discussed recognized an opportunity to develop a successful business. Chapter 1

  9. Business Success or Failure • Over half of all new businesses fail within their first four years. • Success requires a firm understanding of how to run a business. • Perseverance is a requirement for success. Chapter 1

  10. Characteristics of an Entrepreneur Name three important characteristics of entrepreneurs. Chapter 1

  11. Characteristics of Successful Entrepreneurs • Successful entrepreneurs are: • independent • self-confident • determined • goal-oriented • achievement-oriented Chapter 1

  12. Characteristics of Successful Entrepreneurs • inclined to set high standards for themselves • creative • able to act quickly • technologically savvy Chapter 1

  13. Successful Entrepreneurs = Good Team Members • Entrepreneurs realize there are other stakeholders in their business: • Partners • Investors • Employees • Suppliers • Customers • Creditors

  14. Play-Doh Challenge What does a good team member look like? In groups of 3-4, you will be given a word that describes a good team member. WITHOUT TALKING, you will create an image using Play-Doh that would describe your word. You have only 5 minutes to create your master piece! Once complete, the other teams will have to guess what your word is. The team with the most correct guess will win a prize!

  15. Characteristics of Good Team Members • Good team members display the following traits: • commitment • competency • communication • cooperation • creativity Chapter 1

  16. Are You Right for Entrepreneurship? • self-assessment • an evaluation of your strengths and weaknesses • aptitude • the ability to learn a particular type of job Chapter 1

  17. Assess the Advantages of Entrepreneurship • Advantages of entrepreneurship include: • being your own boss • choosing a business of interest to you • being creative • making large sums of money Chapter 1

  18. Assess the Disadvantages of Entrepreneurship • Disadvantages of entrepreneurship include: • risk • uncertain and irregular incomes • long hours • all decisions are made independently Chapter 1

  19. Today’s Task Using the Job Attributes Checklist below, place a check mark next to those statements that apply to you. Make a list of 3-4 jobs that would match your aptitudes and interests.

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