JA Our Region Name Title Company

Session 1 Am I an Entrepreneur? 1

2 Entrepreneur A person who uses resources to start a business.

3 Innovation A new device or a new way of doing something.

4 Invention To make or think of something that did not exist before.

Entrepreneur Challenge 5

Trait 6 Having a special quality or characteristic. Inventory A complete list of goods, supplies, possessions or other items.

Review 7 Entrepreneurs have a major effect on their communities. Anyone can work toward being an entrepreneur by developing traits common to successful business people. Start small, dream big.

Session 2 Regional Resources: Tools for Entrepreneurs 8

9 Region A geographic area united by similar characteristics.

Resource 10 Something that is used to produce a good or service.

Types of Resources Capital resources: Human resources: Natural resources: Capital resources: Human resources: Natural resources: 11 Buildings, tools, machines, and money that businesses use to make and sell goods and services. People who do the work that businesses need to make and sell goods and services. Things that occur naturally, such as air, water, minerals, and trees, that businesses need to make and sell goods and services.

12 Goods Items that can be bought or sold. Service Work done for others, such as haircuts or car repairs.

Create Your Business 1.Based on the resources in your region what could a possible business be? 2.What is the name of your business? 3.How could you advertise your business to the community? 13

Review 14 Successful entrepreneurs use available resources to make and sell goods and offer services.

Session 3 Hot Dog Stand Game 15

Successful Entrepreneurs How important is it for a business to make money? –What does a business do with the money it makes? What traits do successful entrepreneurs need? Do you have what it takes? 16

Business Terms Advertising: Customer: Expense: Loss: Profit: Revenue: Advertising: Customer: Expense: Loss: Profit: Revenue: 17 Persuading customers to buy a good or service. A person who buys something. Money spent to buy resources. When a business pays more in expenses than it makes in sales. When a business makes some money in sales than it spends in expenses. Money earned from sales.

Business Tasks 18

Hot Dog Stand Game 19

Review 20 Businesses have to have more revenue than expenses to be successful. Remember the key tasks you need to complete to start your own business.

Session 4 Entrepreneurs are Problem Solvers 21

The Ups and Downs of Operating a Business 22 Businesses can face many problems day-to- day. What problems might a business or your school need to fix? What are problems a business has little control over? If a business has no power to correct a problem how can they deal with it?

23 Risk The chance of loss or failure when making a business decision. Reward What can be gained in making a business decision.

Problem-Solver 24

Problem Solver Catcher 25

Review 26 Successful entrepreneurs face business problems daily. Carefully consider risks and rewards. The five steps to problem solving work for other problems in life too.

Session 5 My Region of the World 27

Running a Large Business 28 Would you rather be a big fish in small pond or a small fish in a big pond? What challenges would an entrepreneur face it they wanted to expand beyond their region? How can global events affect a regional business?

29 Supplier Someone whose business it is to supply a service or a good to other businesses. Supply Chain The system of changing resources into goods or services and getting them to the buyer.

Interdependence 30 When individuals or groups depend on one another.

Build a Computer 31

Supply Chain Review 32 Why are there so many suppliers involved in making a single product? How did you feel when you discovered you couldn’t get a part you needed? What would happen if a supplier did not trade fairly? If a foreign supplier experienced a delay in shipping a seasonal supply how would you fix the problem? Could you see yourself as the owner of a big business?

Review 33 All the businesses and countries that are part of a supply chain are affected when the supply chain is disrupted.

JA – Our Region Graduation 34