1. Welcome!
Seating Chart Day!
Pick somewhere good!
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2. Are you ready?
Friday Presentations.
Pretest
Chapter 1

3. Should You Become an Entrepreneur?

4. Lesson 1.1 All About Entrepreneurship
Goals
Define entrepreneurship.
Recognize the role entrepreneurs play in the U.S. economy.
Determine the reasons that businesses succeed or fail.
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5. Ideas in Action
Read and answer the questions…

6. Entrepreneurship
Many of the small businesses in the U.S. are owned and operated by men and women who created their own companies.
There are about 29.6 businesses in the US
Only 18,000 are considered large.
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7. What is an Entrepreneur?
entrepreneurs
people who own, operate, and take the risk of a business venture
entrepreneurship
running a business of one’s own
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8. Entrepreneurs identify unmet needs in the marketplace.
They provide a service or product to meet those unmet needs.
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9. Product Value
A product has value when it provides a benefit to the economy and to the consumer
A product can have value baed on its monetary worth
A product can have value based on its demand

10. Why did I not think of that!
Build – A – Bear
Pillow Pets
Pizza Sissors
Snuggies
Wristbands for charity

11. Top inventions of the year!
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12. “re-inventions”
Simple products can be “re-invented” for a different purpose.
This leads to new entrepreneurial ideas
New Value!

13. Your task
Idea Challenge!