E t p e n u r r e r e n.

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Presentation transcript:

E t p e n u r r e r e n

Big Business Little business turns into….

What is entrepreneurship? It is a business started by someone who notices a need for a product or service. It is the key driver of our economy because high majority of jobs are created by small businesses, which later on become big businesses and give a lot of people jobs. 

Henry Ford

Advantages Satisfaction from taking a risk in becoming a success Showing expertise at skills Working from home Gaining profit

Disadvantages Total responsibility for the business Long hours Financial risks

Importance to Economic Development Entrepreneurship helps local economies turn into global economies. They are often risk-takers and try to develop their economy. Example : McDonald’s was located only in America, and it spread into world-wide.

Popsicle Frank Epperson 11 yrs old 1905

Crayons Edwin Binney and C. Harold Smith 1903 crayola

SMILE Harvey Ball 1963 Massachusetts Popularized in the 60s