1. Entrepreneurship
Freshman Seminar

3. Entrepreneurship - Small Business Ownership
Is this a potential option for you?
Why or why not?

4. 2.16%
10.37%
12.48%
21.22%
24.06%
29.59%
Source: U.S. Census Bureau

5. Low Cost Launch A business that is < $500 to start
Create a flyer & Include:
Name, Slogan and or Logo, pictures
Product description, pricing, contact info
Whatever else you feel is applicable

6. An Entrepreneur……..
Is a person who plans, organizes and manages a business, assuming the risk for the sake of profit.
Tries to identify unmet needs in the marketplace

7. Small Business in the U.S.A.
U.S.A. is dominated by small businesses
Small firms with fewer than 500 employees represent 99.9 percent of the 29.6 million businesses
Employ just over half (52 %) of all private sector employees.
Have generated 64 percent of net new jobs over the past 15 years.
52 % of them are home based businesses.

8. 72 %
18 %
10 %
Source:

9. Why be an Entrepreneur? Rewards Risks You do what you love
You are your own boss
Control your own earnings
Make your own schedule
Choose your own location
Etc.
Abandoning the steady paycheck
High likeliness of failing
Loneliness
A lot of individual work
Wear a lot of hats
Work schedule
Etc.

10. Characteristics of Successful Entrepreneurs
Passion & Motivation
Risk Taker
Hard Worker & Dedication
Flexibility
Money Management
Confidence
Creativity
Knowledge-Seeker
Business Focused

11. Famous Entrepreneurs Milton Hershey- Hershey’s Milk Chocolate
Only had a 4th grade education

12. Famous Entrepreneurs Mark Zuckerberg- Facebook 26 years old
Worth $6.9 Billion

13. Famous Entrepreneurs Steven Spielberg- Director
Rejected from film school 3 times
Went on to direct mega hits like Jurassic Park, Jaws, ET

14. Famous Entrepreneurs Colonel Sanders- KFC
Recipe rejected over 1,000 times before accepted by restaurant

15. Famous Entrepreneurs Henry Ford- The Ford Motor Company
Founded 2 automotive companies that failed before success with Ford Motor Company
Worth $188 billion

16. Famous Entrepreneurs Bill Gates- Microsoft Corporation
Dropped out of Harvard
Went on to develop one of the most successful computer software systems ever

17. Famous Entrepreneurs Steve Jobs- Apple Computer, Inc. College dropout
Created iconic Apple products

18. Baby Boomers
Generation X

19. Generation Y / Millennials
Born between 1982 and the Early 2000’s
Heavy dose of Optimism & self confidence
Fun loving generation
Don’t seem too worried about work
They are deciding corporate America does not fit their needs
They want to be their own boss
They want work-life balance
They like working in teams
They want a job they like
They like to take risks
They believe that they can create a job for themselves
IPod, Customized Music they want customized lives
They want to create the kind of career that fits around the life that they want

20. Resources
of-highly-successful-entrepreneurs/
characteristics-successful-entrepreneurs.asp
aspx