Entrepreneurship Let’s Get Started…

What is an entrepreneur? People who own, operate, and take the risk of a business venture What is an entrepreneur?

The process of running a business of one’s own. Entrepreneurship

What is the difference between an employee and an entrepreneur? Entrepreneurs assume risk. What is the difference between an employee and an entrepreneur?

People who work for someone else. Employees

Why Do People Become Entrepreneurs? To pursue a personal dream. To be your own boss. To do something you enjoy. To be creative. Freedom to set your own schedule. Controlling your own destiny. Being recognized in the community. Possibility of making more money. Why Do People Become Entrepreneurs?

Types of Entrepreneurial Businesses Manufacturing Wholesaling Retailing Service Types of Entrepreneurial Businesses

MANUFACTURING…produce the products they sell Apparel and other textile products Chemicals and related products Electronics and other electrical equipment Fabricated metal products Food products Industrial machinery and equipment Printing and publishing Rubber and miscellaneous plastic products Stone, clay, and glass products MANUFACTURING…produce the products they sell

WHOLESALING… sell products to people other than the final consumer Apparel Electrical goods Groceries and related products Hardware, plumbing, heating equipment Lumber, construction materials Machinery, equipment, supplies Motor vehicles, automotive equipment Paper, paper products Petroleum, petroleum products WHOLESALING… sell products to people other than the final consumer

Auto and home supply stores Building materials and supply stores Clothing stores Florists Furniture stores Gift, novelty, and souvenir stores Grocery stores Hardware stores Jewelry stores Retail bakeries Shoe stores Sporting goods and, bicycle stores RETAILING… Sell products directly to the people who use or consume them

SERVICE… sell services rather than products Appliance repair Automotive repair Babysitting Bookkeeping Consulting Dance instruction Exterminators Electrical services Flower decorating House cleaning Lawn care Painting Plumbing Translating Travel agency Tutoring SERVICE… sell services rather than products

Agricultural – generate fresh produce and other farm products Mining and extracting – take resources like coal out of the ground so they can be consumed OTHER BUSINESS AREAS

More than 6.5 million small businesses contribute billions of dollars every year to the United States economy. Entrepreneurs Today

Importance of Entrepreneurship Small companies employ more workers than all of the country’s large corporations combined. Importance of Entrepreneurship

Importance of Entrepreneurship Many large companies began as small companies. Small companies can be more creative and take more risks. Their experimentation leads to technological success and increased productivity. Importance of Entrepreneurship

Can you think of any entrepreneurs that have businesses in the area Can you think of any entrepreneurs that have businesses in the area? Layser’s Flowers Main Street Jewelry Caruso’s Local Entrepreneurs

REVIEW OF VOCABULARY Entrepreneurship Entrepreneurs Employees Manufacturing Wholesaling Retailing Service Agricultural Mining and extracting REVIEW OF VOCABULARY

Let’s Review… Question #1 Which type of entrepreneurial business produces the product it sells? Retail Wholesale Manufacturing Service Let’s Review… Question #1

Which type of entrepreneurial business sells products directly to the people who use or consume them? Retail Wholesale Manufacturing Service Question #2

Which type of entrepreneurial business sells services rather than products? Retail Wholesale Manufacturing Service Question #3

Which type of entrepreneurial business sells products to people other than the final consumer? Retail Wholesale Manufacturing Service Question #4

Question #5 List two other types of entrepreneurial business ventures… Agricultural Mining and Extracting

Entrepreneurs who changed US History Donald Trump Debbi Fields Estee Lauder Coco Chanel Oprah Winfrey Ben & Jerry Mary Kay Ash Clarence Birdseye Henry Ford Eli Whitney Milton Hershey Walt Disney Ben Franklin Howard Hughes Steve Jobs Bill Gates Entrepreneurs who changed US History

Create a PowerPoint describing an entrepreneur who has made an impact on American society. Choose the entrepreneur and receive teacher approval Research the entrepreneur and create a works cited using MLA (Please use noodle tools) The dropbox is titled HS Hartman_Entrepreneurship_Famous Entrepreneur Information to include in PowerPoint: Brief childhood background (if you can find it) Schooling or training received Characteristics that made the individual a successful entrepreneur Unique idea or business Failures along the way to success Reason why the entrepreneur was successful Please include at least two pictures of the entrepreneur (These must be endnoted and sites recorded in the works cited.) Prepare a brief speech to present to the class. Make it interesting. Project

GRADING – 100 POINTS INFORMATION - 5 POINTS EACH (30 POINTS) Brief childhood background (if you can find it) Schooling or training received Characteristics that made the individual a successful entrepreneur Unique idea or business Failures along the way to success Reason why the entrepreneur was successful CITATIONS – (20 POINTS) - MUST HAVE AT LEAST 4 SOURCES Proper endnotes Correct citations in works cited PRESENTATION – (50 POINTS) – 1 POINT OFF FOR EVERY SPELLING ERROR Two pictures are used Abbreviated information on slides Preparation Presentation technique (eye contact, posture, speech)

How to Prepare a Good Speech Practice… Eye Contact Enunciation Understandable Pace Posture/Body Language Enthusiasm/Inflection/Ene rgy Know Your Subject Matter How to Prepare a Good Speech