Our Region 4 th Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company

Am I an Entrepreneur? Entrepreneur – Did you know that more than half of all businesses in the country are small businesses started by entrepreneurs? Successful entrepreneurs learn from their mistakes to create profitable businesses. A person who uses resources to start a business.

Innovation – Invention – Region – A new device or a new way of doing something. To make or think of something that did not exist before. A geographic area united by similar characteristics. Match the Entrepreneur with the Challenge Tony Hawk SportsEntertainmentFood Tech and Manufacturing Walt Disney Maria de Lourdes Sobrino William Harley and Arthur Davidson Rachael Ray Lonnie Johnson LeBron James Ben Cohen and Jerry Greenfield J.K. Rowling Steve Jobs

Trait –Having a special quality or characteristic.

Regional Resources: Tools for Entrepreneurs Region – Resources – A geographic area united by similar characteristics. Something that is used to produce a good or service.

Natural Resources – Capital Resources – Human Resources – Things that occur naturally, such as air, water, minerals, and trees, that a business needs to make and sell goods and services. Buildings, tools, and machines businesses use to make and sell goods and services. People who do the work that a business needs to make and sell goods and services.

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

Hot Dog Stand Advertising – Customer – Expense – Loss – Profit – Revenue – 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 more money in sales than it spends in expenses. Money earned from sales.

Hot Dog Stand What are the natural resources needed to start a hot dog stand? What are the capital resources needed to start a hot dog stand? What are the human resources needed to start a hot dog stand? What are two ways you could increase the profits in your business? What risks not already discussed could cause your business to lose money? How could you fix the business or manage the risks? Besides hot dogs, what other goods or services could you offer your customers?

Entrepreneurs Are Problem Solvers! Reward – Risk – What can be gained in making a business decision. The chance of loss or failure when making a business decision.

Entrepreneurs Are Problem Solvers! Price – Supply – The amount charged for a good or service. The amount of a good or service that is available for sale.

My Region in the World Interdependence – Supplier – Supply Chain – When individuals or groups depend on one another. Someone whose business it is to supply a service or a good to other businesses. The system of changing resources into goods or services and getting them to the buyer.