Welcome to Entrepreneurship Ms. Parks 4 th Block

Class Objectives  Define and describe an Entrepreneur  Develop a Business Plan  Identify and Meet a Market Need  Market your business  Distribution, Promotion and Selling of your product or service  Locate and Set Up your business  Plan and Track your Finances  Analyze your risk factors  Future growth predictions

Class Rules  BRING A POSITIVE ATTITUDE TO CLASS EVERYDAY!  Respect everyone and everything in the lab at all times!  All work is to be completed on time and in its entirety.  You must arrive in class on time. All tardiness will be handled in accordance with school policy.  Students will no copy, use or print another student’s work. This constitutes cheating and will result in a zero for the student(s) involved, a call will be made to parent(s), and a referral sent to an administrator.  No student will bring unauthorized software or disk(s) from outside of the classroom.

Grading Scale  Classwork 25%  Homework 25%  Projects 25%  Tests 25% (Participation is key to getting a good grade in this class!! Get involved in discussions and have fun with all group work and projects.)

Entrepreneurship When we think of Entrepreneurship we automatically think of making big money!!

But the truth is…..

It’s about a lot more than that!  Being your own boss.  Having something that you created be a success.  Sense of security for you and your family.

Entrepreneurship by definition means: Process of running a business of one’s own

Famous Entrepreneurs Henry Ford “Failure is simply the opportunity to begin again, this time more intelligently.”

Howard Hughes: The Aviator, The Innovator, The Billionaire “The U.S. Supreme Court ruled that Hughes Aircraft was owned by the Howard Hughes Medical Institute, who sold it to General Motors in 1985 for $5 billion.”

Madame CJ Walker  "I am a woman who came from the cotton fields of the South. From there I was promoted to the washtub. From there I was promoted to the cook kitchen. And from there I promoted myself into the business of manufacturing hair goods and preparations. I have built my own factory on my own ground" - Madame Walker Madame WalkerMadame Walker

Ben and Jerry Social Mission: This unique arrangement allowed Ben & Jerry’s to continue to run its business in a socially conscious manner, which had been a trademark of the brand since its inception. Some examples of this mission include:  An original scoop shop made of recycled materials  Creation of a “Green Team” in 1989, focusing on environmental education throughout the company  A company bus equipped with solar panels  The use of hormone-free milk in its products  A commitment to reducing solid and dairy waste, recycling, and water and energy conservation at the company’s facilities

Sir Richard Branson At $200,000 a pop, Virgin Galactic plans to take customers into suborbital space, offering customers the chance to experience weightlessness for seven minutes on a scaled up version of SpaceShipOne. Richard Branson and some of his closest family members will be on the inaugural flight some time in At $200,000 a pop, Virgin Galactic plans to take customers into suborbital space, offering customers the chance to experience weightlessness for seven minutes on a scaled up version of SpaceShipOne. Richard Branson and some of his closest family members will be on the inaugural flight some time in 2008.

The next generation of famous entrepreneurs:  List of Students

RISK IT!!