Entrepreneurship
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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

Entrepreneurship


What is an entrepreneur

  • People who own, operate, and take the risk of a business venture”

What is an entrepreneur?


Entrepreneurship1

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

Entrepreneurship


What is the difference between an employee and an entrepreneur

  • Entrepreneurs assume risk.”

What is the difference between an employee and an entrepreneur?


Employees

  • People who work for someone else.”

Employees


Why do people become entrepreneurs

  • 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?


Types of entrepreneurial businesses

  • Manufacturing

  • Wholesaling

  • Retailing

  • Service

Types of Entrepreneurial Businesses


Manufacturing produce the products they sell

  • 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


Wholesaling sell products to people other than the final consumer

  • 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


Retailing sell products directly to the people who use or consume them

  • 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


Service sell services rather than products

  • 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


Other business areas

  • 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


Entrepreneurs today

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

Entrepreneurs Today


Importance of entrepreneurship

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

Importance of Entrepreneurship


Importance of entrepreneurship1

  • 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


Review of vocabulary

  • Entrepreneurship

  • Entrepreneurs

  • Employees

  • Manufacturing

  • Wholesaling

  • Retailing

  • Service

  • Agricultural

  • Mining and extracting

REVIEW OF VOCABULARY


Entrepreneurs who changed us history

  • 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


Project

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.


Entrepreneurship

  • 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)


Qualities of a good speech

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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