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Published byMarilyn Woods Modified over 9 years ago
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What is an entrepreneur? Someone with an idea for a product or a service. Entrepreneurs have energy, vision, optimism and a willingness to try something new.
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What do entrepreneurs do? Entrepreneurs create a business around their idea to sell that product or service. Why do they do it? –To improve existing products or services –To fill a gap in the market with something new
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Creativity and Risk Taking Entrepreneurs come up with ideas to improve old products or services…
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Creativity and Risk Taking …or come up with new ones!
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What are the benefits? Being an entrepreneur requires motivation! Will I make money? Am I helping others? What are the rewards?
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Entrepreneurs take risks in organizing resources to produce goods and services for profit. –Lots of research! What is profit ? When buyers purchase the product or service at a price high enough to cover production.
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Some Entrepreneurs You May Know: Mark Zuckerburg CEO and co-founder of face book. In 2004, Mark began facebook from his dorm room at Harvard. He was 19 years old.
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American Fast Food Pioneers Richard and Maurice McDonald First McDonalds restaurant in 1940 A hot dog stand and teen hangout. 25 Menu Items -> Then only burgers, fries and milkshakes. 1954: Ray Kroc, a milkshake machine salesman saw an opportunity. Franchise: Expanded the business across the U.S.
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Steve Jobs Co-founder and CEO of Apple Inc. 1976 Ingenuity: Graphical user interface! He understood the importance of function and aesthetics.
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Young Entrepreneur Anshul Samar Founder and CEO, Alchemist Empire, Inc. Was in 4 th grade when he came up with his idea for Elementeo! -Chemistry based card game Being an entrepreneur is hard work! http://www.elementeo.com/aboutthecreator http://www.youtube.com/watch?v=4oYG_pbpQlY
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