WHAT IS AN ENTREPRENEUR? Baylee

WHAT IS AN ENTREPRENEUR?  An entrepreneur is a person who accepts a financial project and who is willing to accept the dangers of setting up a new commerce.

CHARACTERISTICS OF AN ENTREPRENEUR High level of Creativity Make fast decisions Make decisions without the help of data Confidence and resolve to take risks Have a very independent spirit

1.Write a Business Plan 2.Business Assistance and Training 3.Choose a Business Location 4.Finance your Business 5.Determine the Legal Structure of your Business STEPS TO STARTING BUSINESS 6. Register a Business Name 7. Get a Tax Identification Number 8. Register for State and Local Taxes 9. Obtain Business Licenses and Permits 10. Understand Employer Responsibilities

WHAT IS THE DIFFERENCE BETWEEN AN EMPLOYEE AND AN EMPLOYER?  Employee-A Person working for another Person or a business firm for pay.  Employer-A Person or business that employs one or more people, especially for wages or salary.  A employee is who a employer employs. The employee works for the employer.

WHAT IS THE DIFFERENCE BETWEEN A MANAGER AND AN ENTREPRENEUR? 1.A entrepreneur will perceive a opportunity, a manager only comes in after the project is done. 2.Entrepreneurs are more concerned with the launching of a business, a manager are more concerned about the operation of a on going business. 3.Manager are business management specialists, Entrepreneurs are generalists. 4.Entrepreneurs are street smart, managers are school smart. 5.Entrepreneurs freedom is their highest priority, managers security is their main priority.

WHY PLAN?  What do we sell?  To whom do we sell?  How do we beat the competition?  The most important reason for a entrepreneur to plan is so they can set a direction for the business.

THE FOUR D’S OF SUCCESS  Discovery-Looking at and describing when you thought you were successful  Dream-Envisioning what might be  Design-Create the design of your business  Destiny-Discovery, Dream, and Design fulfill your destiny.

INNOVATION AND BUSINESS CREATION  What is Innovation? Innovation is a invention to the market. Or improving a product that is already made.  What makes a business successful? Inventing and improving products. Selling to good companies.

COCO CHANEL Chanel

EARLY YEARS  Her given name is Gabrielle Bonheur Chanel. She was born in to poverty in France. Her mother died and her father abandoned her to a orphanage. She was born August 19, 1883.

BECOMING A FAMOUS FASHION DESIGNER  After a brief period as a shop girl, she became a café singer. Later she became associated with a series wealthy men in 1913, with financial assistance from one of them she opened a small shop in Deauville. Within five years of her original use of jersey fabric toe create a “poor girl” look had attracted the attention of wealthy women seeking relief from the corseted style.

IN HER LAST YEARS OF FASHION DESIGNING  She closed her couture house in 1939 with the outbreak of World War 2. She returned in 1954 to introduce her highly imitative suit design. After her death in January 10, 1971, her couture house was ran by different designers. This situation stabilized in 1983, when Karl Lagerfeld became leading designer.

CONCLUSION Chanel had a pretty rough life but it came out great! Becoming a café singer got the attention of wealthy young men. One special man gave her the financial support she needed to open her own shop. She ran this company for almost six decades. Since her death it is still a known company.

WEB RESOURCES  Chanel Chanel  