1. Lesson One

2. Vocabulary  American Recovery & Reinvestment Act 2009  Ethical Behavior  Integrity  Manufacturing  Retailing  Service  Small Business Administration  Wholesaling

3. Types of Businesses  Manufacturing Manufacturing  Wholesaling Wholesaling  Retailing Retailing  Service Service

4. Manufacturing  Apparel and other textile products  Chemicals and related products Chemicals and related products  Electronics and other electrical equipment  Fabricated metal products  Food products  Industrial machinery and equipment  Printing and publishing  Rubber and miscellaneous plastic products  Stone, clay, and glass products

5. Wholesaling  Apparel  Electrical goods  Groceries and related products Groceries and related products  Hardware, plumbing, heating equipment  Lumber, construction materials  Machinery, equipment, supplies  Motor vehicles, automotive equipment  Paper, paper products,  Petroleum, petroleum products

6. Retailing  Auto and home supply stores  Building materials and supply stores Building materials and supply stores  Clothing stores  Florists  Furniture stores  Gift, novelty, and souvenir stores  Grocery stores  Hardware stores  Jewelry stores  Retail bakeries  Shoe stores  Sporting goods and bicycle stores

7. Service  Appliance repair  Automotive repair  Babysitting  Bookkeeping  Consulting  Dance instruction  Electrical services  Exterminators  Flower decorating  House cleaning  Lawn care  Painting  Plumbing  Translating  Travel agency Travel agency  Tutoring  Web design and maintenance

8. Other Choices #1  Agricultural businesses

9. Other Choices #2  Mining and extracting businesses Do you know what “fracking” is?fracking

10. Other Choices #3  Green businesses – Why is ‘going green’ so important?going green

11. Success or Failure  According to the SBA 67 % of new businesses survive at least 2 years 44 % survive at least four years

12. Di d you plan to fail or fail to plan?

13. Assignment  Type a thoughtful response to each item. Use the best grammar you can.  What are your reasons for wanting to become an entrepreneur? Do you think they are common to all entrepreneurs, or are some of your reasons unique?

14. Assignment - continued  Explain how integrity and ethical behavior apply to small businesses.  Why do you think entrepreneurship is important to the US economy? Provide specific examples of how entrepreneurs affect the economy.  What do you think is the most important thing an entrepreneur should do before starting a business to ensure its success?

15. Vocabulary 1. American Recovery & Reinvestment Act 2009 – passed to stimulate the American economy after the 2008 economic slowdown. American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia 2. Ethical Behavior - Ethical - Definition and More from the Free Merriam-Webster DictionaryEthical - Definition and More from the Free Merriam-Webster Dictionary 3. Integrity - http://www.merriam- webster.com/dictionary/integrityhttp://www.merriam- webster.com/dictionary/integrity

16. Vocabulary - continued 4. Manufacturing – actually produce the products they sell 5. Retailing – sell products directly to the people who use or consume them 6. Service – sell services rather than products 7. Small Business Administration - The U.S. Small Business Administration | SBA.govThe U.S. Small Business Administration | SBA.gov 8. Wholesaling – sell products to other businesses rather than the final consumer.