1. NEW ECONOMY

2. The Entrepreneur
A person who organizes and manages a business and/or enterprise, usually with considerable initiative and risk.
Four basic steps
Come up with an idea
Develop a business plan
Raise the money
Begin operations and work to make a profit

3. Developing an idea for a business may involve entering into an industry or field that already exists, or coming up with an entirely new idea.
Sometimes the entrepreneur has his/her own money, sometimes they must get investors.
Entrepreneurs are an important part of the business world because without them, there wouldn’t be nay businesses.

4. Most successful of the Era
Sam Walton – founded Wal-Mart, the world’s largest retail chain
Michael Dell- built the Dell Corporation around selling customized computers
Ray Kroc – revolutionized the restaurant industry by starting the McDonald’s chain and introducing mass-produced food on a large scale.

5. Lee Iacocca – brought the large automobile industry Chrysler back from the brink of bankruptcy.
Donald Trump- made a real estate empire
Bill Gates- was once the world’s wealthiest man because he headed Microsoft (software)and changed the computer industry.
Steve Jobs – became the head of Apple Computers after developing computer alternatives to the PC
Jeff Bezos – changed the way people shopped by founding Amazon and bringing online shopping to the masses in a new, comprehensive way.