1. Entrepreneurs & Business Plans

2. What is an Entrepreneur?
Person who organizes, operates, and assumes the risk for a business venture.
Famous American entrepreneurs:
Henry Ford
Dave Thomas
Milton S. Hershey
Bill Gates
Steve Jobs

3. What is a Business Plan
A series of documents that serves as a blueprint for building a business.
Information included in a business plan:
Information about the business
The industry in which it competes
Its products and/or services
Its customers
Its competitors, and its finances

4. Primary Functions of a Business Plan
To set goals and objectives for the business to follow.
To attract potential investors
To acquire financing
To attract quality employees
To attract potential customers

5. Characteristics of a Good Business Plan
Neat
Organized
Professional
Well-written and well-designed
Highlight important aspects of the business

6. Who said it? “High expectations are the key to everything.”
“Timing, perseverance and 10 years of trying will eventually make you look like an overnight success.”
“Failure defeats losers, failure inspires winners.”

7. What are the characteristics of an entrepreneur?