New Venture Introduction.

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Presentation transcript:

New Venture Introduction

Why are entrepreneurs important to the American economy? What are the initial steps that one should go through when setting up a business?

Characteristics of Entrepreneurs Persistent Risk-taking Self-confident Restless Goal-oriented Action-oriented Responsible Self-demanding Creative Independent Inquisitive Enthusiastic

Venture Checklist

What will I produce? Who are my main competitors? Why is my product or service needed? How much will my product or service cost to produce? How many people will I need to run the business? What physical facilities will I need? What licenses, permits, or other legal documents do I need? How much money will I need to get started? SURVEY - 5 Questions with explanation of results - You should ask 5 - 10 people and gather results (Google Survey)

Assignment (Due Today!) Profile on Entrepreneur Write a short profile of a young entrepreneur who has been featured in the media or teenager. Why are they successful? Write a probing question you would like to ask them about their challenges. (place in bold at end of assignment) Two paragraphs - 5 pts. Each Create Profile Poster - 5 pts.