2. Who are they? Jeff Bezos- AMAZON Mark Zuckerberg-Facebook
Lawrence Edward- GOOGLE
Bill Gates- MICROSOFT
Steve Jobs- APPLE

3. Entrepreneur????

4. Meaning
It originates from the french word entreprendre, which means “to undertake.”
In business terms it means to start a business.
In today’s world anyone who has an idea to develop and market a product or service is an entrepreneur.
Entrepreneurship is accepting the challenge of starting and running a business

5. Goods
A business producing good is actually producing something a consumer can feel touch,see or use to satisfy his or her wants.
Example: If Sally is hungry for pizza, she may decide to go eat at Paula’s Pizza. Paula is the entrepreneur.She produces a good, pizza.

6. Service
A business that produces a service is providing an action to satisfy a consumer’s wants.
• Example: If Mrs. Smith wants her lawn mowed, she might contact Larry’s Lawn Service. Larry is the entrepreneur who owns the business. He produces a service by mowing, raking and cleaning Mrs. Smith’s lawn

7. Good or a Service????
You are about to see the name of several pet businesses.
Each of these business owners is an entrepreneur.
Owner produced a service by feeding, walking and caring for pets.
Those are all actions.
You decide whether the business produces a good or a service

12. Entrepreneur Vs. Intrapreneur
Independence
Wholly Independent
Relatively independent
Time Constraints
Considerable pressure to demonstrate success quickly
Comparative less pressure
Risk
Assumes all business risk
Assumes some risk
Resources
Must find all necessary resources
Access to core business resources
Decision Making
Strategic decision making
Shared decision making

13. Innovation vs. Invention

14. Micropreneurs and home based manufacturers
The smallest of small businesses are called micro- enterprises
Have fewer than five employees
Owners of micro-enterprises are called Micropreneurs
Examples- writers, Consultants, video producers, architects and bookkeepers

15. Difference between Entrepreneurship and small business?
Think-Pair-Share

16. Difference Entrepreneurship Small Business Idea New existing
Innovation
Always there
May be
Risk
High
low
Amount of Wealth Creation
high
Average
Speed of Wealth Creation
Rapid(within five years)
Over a Lifetime

17. Why people take the Entrepreneurial Challenge ?
New idea, process or product.
Independence
Challenge
Family Pattern
Profit
Immigrants

18. Skills needed to become an entrepreneur
Self Directed
Self Nurturing
Action Oriented
Highly Energetic
Tolerant of uncertainty
Able to learn quickly

19. Web based businesses Cleaning service Gift basket business Web design
Medical claims assistance
Micro Farming
Tutoring
Resume service
Personal coaching

21. Activity
Search some well known Canadian Entrepreneurs and share their story with the class.