1. Copyright © 2007 South-Western. All rights reserved. Chapter 6 Entrepreneurship and Business Planning

2. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Learning Objectives Entrepreneurship & Business Planning RisksCreating Business Plan Enter Market Competing

3. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. The Key Decisions in Running a Business

4. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. New Business - Resources Creating Enter Market Competing Business Plan Risks SBA Yahoo ! American Express

5. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Entrepreneurship Creating Enter Market Competing Business Plan Risks DisadvantagesAdvantages - Profit Potential - Your Own Boss - Direct Rewards - Loss Potential - Accountability - Failure Possibility

6. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Demand Creating Enter Market Competing Business Plan Risks Product Markets Change Flexibility

7. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Competition Creating Enter Market Competing Business Plan Risks

8. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Segments Creating Enter Market Competing Business Plan Risks

9. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Labor & Regulations Creating Enter Market Competing Business Plan Risks Labor Costs Unions Regulations

10. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Competitive Advantage Creating Enter Market Competing Business Plan Risks Efficiency Higher Quality

11. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Internet and Advantage Creating Enter Market Competing Business Plan Risks Website Advertising Sales Expenses

12. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Business Plan Creating Enter Market Competing Business Plan Risks 1.Environments 2.Management 3.Marketing 4.Financial

13. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Assess the Environment Creating Enter Market Competing Business Plan Risks Economic Industry Global

14. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Management Plan Creating Enter Market Competing Business Plan Risks Organization Production H.R.

15. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Marketing Plan Creating Enter Market Competing Business Plan Risks Product Pricing Distribution Target Market Promotion

16. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Financial Plan Creating Enter Market Competing Business Plan Risks Financing Feasibility

17. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Business Plan Decisions Creating Enter Market Competing Business Plan Risks

18. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Business Risks Creating Enter Market Competing Business Plan Risks

19. Entrepreneurshi p and Business Planning Portion of Graphic from pg 192 will go here Copyright © 2007 South-Western. All rights reserved. Business Insurance Creating Enter Market Competing Business Plan Risks Insert Exhibit 6.7 from page 221