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Entrepreneurship. Entrepreneurship. Entrepreneurship is “The organization, management, and assumption of risks of a business or enterprise, usually implying an element of change or challenge and a new opportunity” according to Webster’s online. Entrepreneurship.

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entrepreneurship1
Entrepreneurship
  • Entrepreneurship is “The organization, management, and assumption of risks of a business or enterprise, usually implying an element of change or challenge and a new opportunity” according to Webster’s online.
entrepreneurship2
Entrepreneurship
  • FCCLA provides a great tool to use in your classroom
  • Projects:
    • Entrepreneurship-STAR Event
    • Career Connection
    • Leaders at Work
star events
STAR Events
  • STAR Events (Students Taking Action with Recognition)
    • Competitive Events
    • Star Events offer:
      • Individual Skill Development
      • Competition
      • Recognition
      • Leadership
      • Opportunities

Information from: www.fcclainc.org

star events1
STAR Events
  • FCCLA members are recognized for proficiency and achievement in:
    • Chapter Projects
    • Individual Projects
    • Leadership Skills
    • Occupational Preparation

Information from: www.fcclainc.org

entrepreneurship star event
Entrepreneurship-STAR Event
  • An individual or team event (junior and senior event)
  • Recognizes participants who develop a plan for a small business
  • Use FCS skills and sound business practices
  • Business must relate to FCS Education or related areas

Information from: www.fcclainc.org

entrepreneurship ideas for high school fcs
Entrepreneurship Ideas for High School FCS
  • Housing
    • House Cleaning
  • Textiles/Clothing
    • Computerized Embroidery
  • Food/Nutrition
    • Catering Business
entrepreneurship ideas for high school fcs1
Entrepreneurship Ideas for High School FCS
  • Child Development/Family Sciences
    • Registered Day Care Provider
  • Consumer Issues/Personal Finance
    • Financial Counselor
entrepreneurship ideas for post secondary
Entrepreneurship Ideas for Post Secondary
  • Housing
    • Real Estate
  • Textiles/Clothing
    • Fashion Designer
  • Food/Nutrition
    • Nutritionist/Dietitian
entrepreneurship ideas for post secondary1
Entrepreneurship Ideas for Post Secondary
  • Child Development/Family Sciences
    • Social Worker
  • Consumer Issues/Personal Finance
    • Financial Planner
what is an entrepreneur
What is an Entrepreneur?
  • An Entrepreneur (ahn’tra pra nur) is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. Any person (any age) who starts and operates a business is an entrepreneur.
entrepreneurship3
Entrepreneurship
  • Agricultural students have been entrepreneurs since the beginning of agricultural education.
entrepreneurship4
Entrepreneurship
  • The Smith-Hughes Act of 1917 (which provided federal funding for agricultural programs) required all students to have an entrepreneurship program – but they weren’t called entrepreneurs back then.
early entrepreneurship
Early Entrepreneurship
  • These early entrepreneurship programs were called different names:
    • Farming Program
    • Productive or Production Enterprises
    • Ownership
early entrepreneurship1
Early Entrepreneurship
  • The early SAE Entrepreneurship program primarily involved:
    • Raising Livestock
    • Growing Crops
entrepreneurship today
Entrepreneurship Today
  • Today, agricultural students are involved in many different types of entrepreneurial activities.
  • Entrepreneurship in agriculture can still be raising livestock and growing crops, but it can be much, much more than that.
agricultural entrepreneurship
Agricultural Entrepreneurship
  • Entrepreneurship: The student plans, implements, operates and assumes financial risks in a farming activity or agricultural business. In entrepreneurship programs, the student owns the materials and other required inputs and keeps financial records to determine return to investments.
agri entrepreneurs example
Agri-Entrepreneurs Example
  • Lawn Maintenance Service
agri entrepreneurs example1
Agri-Entrepreneurs Example
  • Raise and Sell Fishing Bait
agri entrepreneurs example2
Agri-Entrepreneurs Example
  • Custom Crop Harvesting
agri entrepreneurs example3
Agri-Entrepreneurs Example
  • Pet Sitting Service
agri entrepreneurs example5
Agri-Entrepreneurs Example
  • Tractor and Farm Equipment Detailing
agri entrepreneurs example6
Agri-Entrepreneurs Example
  • Operating a Roadside Marketing Selling Produce
agri entrepreneurs example7
Agri-Entrepreneurs Example
  • Making and Selling Christmas Wreathes
agri entrepreneurs example8
Agri-Entrepreneurs Example
  • Operating a Small Engine Repair Service
three aspects of entrepreneurship
Three Aspects of Entrepreneurship
  • 1. The identification/recognition of market opportunity and the generation of a business idea (product or service) to address the opportunity
three aspects of entrepreneurship1
Three Aspects of Entrepreneurship
  • 2. The marshalling and commitment of resources in the face of risk to pursue the opportunity
three aspects of entrepreneurship2
Three Aspects of Entrepreneurship
  • 3. The creation of an operating business organization to implement the opportunity-motivated business idea
successful entrepreneurs
Successful Entrepreneurs
  • According to the Small Business Administration, successful entrepreneurs have five characteristics:
    • Drive, which is defined as the most important attribute. Entrepreneurs can expect long hours, high stress and endless problems, as they launch a new business.
successful entrepreneurs1
Successful Entrepreneurs
  • According to the Small Business Administration, successful entrepreneurs have five characteristics:
    • Thinking Ability, or the characteristic that encompasses creativity, critical thinking, analytical abilities and originality.
successful entrepreneurs2
Successful Entrepreneurs
  • According to the Small Business Administration, successful entrepreneurs have five characteristics:
    • Aptitude for Human Relations. This characteristic recognizes the importance of the ability to motivate employees, sell customers, negotiate with suppliers and convince lenders. Personality plays a big part in success in this area..
successful entrepreneurs3
Successful Entrepreneurs
  • According to the Small Business Administration, successful entrepreneurs have five characteristics:
    • Communication Skills, or the ability to make yourself understood.
successful entrepreneurs4
Successful Entrepreneurs
  • According to the Small Business Administration, successful entrepreneurs have five characteristics:
    • Technical Ability speaks to the need of the entrepreneur to know their product and their market. They must consider the long- and short-term implications of their decisions, their strengths and weaknesses, and their competition. In short, they need strategic management skills.
entrepreneurship5
Entrepreneurship
  • Some advantages
    • You are your own boss
    • Enjoy the profits from you efforts
    • Sense of pride in your business
    • Flexibility in your work schedule
entrepreneurship6
Entrepreneurship
  • Some disadvantages
    • Will need to put in long hours
    • Need money to start
    • Have to keep up with government rules and regulations
    • May have to mark hard decisions (hiring, firing, etc.)
    • May lose money
ffa and entrepreneurship
FFA and Entrepreneurship
  • During the past decade the Kauffman Foundation has supported a new FFA initiative to support entrepreneurship activities
    • Awards program (and money)
    • Video “You’re the Boss”
    • Materials
ffa agri entrepreneurship program
FFA Agri-Entrepreneurship Program
  • Each state recognizes the agricultural student who has the best entrepreneurship program.
  • There is cash award of $100 at the state level.
  • All entries at the state level go on for national competition.
ffa agri entrepreneurship program1
FFA Agri-Entrepreneurship Program
  • At the national level, 10 outstanding entrepreneurship students are recognized.
  • There is cash award of $1000 for each national winner
  • The FFA chapters of the national award winners each receive $500.