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NEW ECONOMY

NEW ECONOMY. The Entrepreneur. A person who organizes and manages a business and/or enterprise, usually with considerable initiative and risk. Four basic steps Come up with an idea Develop a business plan Raise the money Begin operations and work to make a profit.

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NEW ECONOMY

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  1. NEW ECONOMY

  2. The Entrepreneur • A person who organizes and manages a business and/or enterprise, usually with considerable initiative and risk. • Four basic steps • Come up with an idea • Develop a business plan • Raise the money • Begin operations and work to make a profit

  3. Developing an idea for a business may involve entering into an industry or field that already exists, or coming up with an entirely new idea. • Sometimes the entrepreneur has his/her own money, sometimes they must get investors. • Entrepreneurs are an important part of the business world because without them, there wouldn’t be nay businesses.

  4. Most successful of the Era • Sam Walton – founded Wal-Mart, the world’s largest retail chain • Michael Dell- built the Dell Corporation around selling customized computers • Ray Kroc – revolutionized the restaurant industry by starting the McDonald’s chain and introducing mass-produced food on a large scale.

  5. Lee Iacocca – brought the large automobile industry Chrysler back from the brink of bankruptcy. • Donald Trump- made a real estate empire • Bill Gates- was once the world’s wealthiest man because he headed Microsoft (software)and changed the computer industry. • Steve Jobs – became the head of Apple Computers after developing computer alternatives to the PC • Jeff Bezos – changed the way people shopped by founding Amazon and bringing online shopping to the masses in a new, comprehensive way.

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