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Introduction to Entrepreneurship: What Do We Know?

Learn about the fundamentals of entrepreneurship, including what defines an entrepreneur, their roles and motivations, and the impact they have on society. Explore famous examples and discuss their contributions.

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Introduction to Entrepreneurship: What Do We Know?

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  1. Lesson 1 What is Entrepreneurship?

  2. What do we know? Student Task: • In your notes, brainstorm the following: • What is an Entrepreneur? • What do Entrepreneurs do? • Why do people become Entrepreneurs?

  3. An Entrepreneur Someone who sees an opportunity and creates an company to pursue it.

  4. Notes • The word "entrepreneur" is derived from the French word "entreprendre," meaning “to undertake.” • Entrepreneur – a person who undertakes and operates a new venture in order to satisfy needs and/or wants that exist in society. • Venture – what the entrepreneur does. In many cases, the venture is a business carried out to make a profit.

  5. Needs-essential for human survival/health. Can be classified into: • Real (basic) or Physical needs (such as water, food, sleep, etc.) AND • Psychological needs (emotional ones, such as love, companionship, security, etc.)

  6. Wants-human desires that are not essential for human survival or health • they make people feel happy • ex. getting highlights in your hair, or buying an iPod

  7. “Famous” Entrepreneurs • Let’s take a moment to study some successful Entrepreneurs. • Work in pairs. I’ll select your 2 entrepreneurs • As you view each of the following Entrepreneurs answer the following: • Who is the Entrepreneur? • What was each Entrepreneur’s venture? • How much are they worth today? Value – 10 points • Name: ________________ • Venture:_______________

  8. 1. Bill Gates Microsoft

  9. 2. Ray Kroc McDonalds

  10. 3. Oprah Winfrey HARPO

  11. 4. Sam Walton Wal-Mart

  12. The Light bulb 5. Thomas Edison

  13. 6. Lawrence Page and Sergey Brin Google

  14. 7. George de Mestral Velcro

  15. 8. Tim Berners-Lee The Internet

  16. 9. Mark Zuckerberg – $ 10.2 Billion

  17. 10. Howard Shultz – $ 1.5 Billion

  18. 11. Jeff Bezos - $21.4 Billion

  19. 12. Steve Chen & Chad Hurley • YouTube Founders

  20. In your binders, list the Entrepreneurs from “most” to “least” important with regard to what each has “given” to society. Be prepared to defend your decision with the class.

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