American Entrepreneurs Pg. 74

American Entrepreneurs Which of the following American billionaires did NOT drop out of college? Bill Gates Mark Zuckerberg Steve Jobs Warren Buffett Ted Turner Ralph Lauren 99% of Fortune 500 CEO’s have college degrees Of 400 richest people in America 81% have degrees

What is an entrepreneur? A person who brings together productive resources to produce a good or service and then assumes the risk of taking that product or service to the marketplace. Has an idea and takes the initiative to act upon it

What is a small business? https://www.youtube.com/watch?v=09n3LushoZM

Bill Gates (1955 - ) Entrepreneur, programmer, inventor, and philanthropist Dropped out of Harvard University Co-founded Microsoft with Paul Allen Microsoft’s software is part of nearly every personal computer in the world In the 1980s he obtained a contract from IBM to produce software to operate all their personal computers One of the world wealthiest people One of the world’s biggest philanthropists today Co-founded the Bill and Melinda Gates Foundation Focus on education, world health, and investment in low income communities http://www.youtube.com/watch?v=1BN-XQk6yIk

Sam Walton (1918-1992) Businessman and entrepreneur Worked at JC Penny’s after graduating from the University of Missouri In 1962 he started Walton’s Five and Dime in Arkansas Wanted to create a chain of stores that would offer a large variety of products at low prices Wal-Mart and Sam’s Club http://www.youtube.com/watch?v=Yql9P2r52JQ http://www.youtube.com/watch?v=emPg8Yh56wU

Estee Lauder (Josephine Esther Mentzer) (1908-2004) Parent’s were immigrants Developed her first skin cream with her uncle who was a chemist Co-founded Estee Lauder Companies with her husband Pioneered the “giveaway promotion” First success came from word of mouth First person to use beautiful models to sell products Received the Presidential Medal of Freedom and inducted into the Junior Achievement US Business Hall of Fame https://www.youtube.com/watch?v=PD0PjngOWvs

Robert Johnson ( 1946 - ) Graduated from Princeton University with a masters in Public Affairs Founded Black Entertainment Television (BET) BET was the first African American managed company on the New York Stock Exchange First African American billionaire In 1998 sold BET for $1.5 billion http://www.youtube.com/watch?v=faCnwsmrKUM

Lionel Sosa (1939 - ) From San Antonio, Texas Founded the largest Hispanic advertising agency in the U.S. Hispanic media consultant in six republican presidential elections Recognized as an expert in Hispanic consumer and voter behavior 25 most influential Hispanics in America by Time Magazine and member of the Texas Business Hall of Fame Advice for Latinos: compete and win http://www.youtube.com/watch?v=qYgD1g7dUkQ

Oprah Winfrey (1954 - ) Talk show host, actress, producer, entrepreneur, and philanthropist Created The Oprah Winfrey Show, Oprah Book Club, O Magazine, and Oprah Winfrey Network Multi-award winning and highest-rated program of its kind in history Richest African America of the 20th Century, first African American women billionaire Greatest African American philanthropist in American history, won the Lifetime Achievement Award Considered by some to be the most influential women in the world http://www.youtube.com/watch?v=6Kn1tGwzXAU

Processing Piece Pg. 75 You will now create an mock interview. You will write three questions that you would like to ask each of these entrepreneurs Questions must be relevant to their role as an American Entrepreneur