1. What is an Entrepreneur?

2. Could you connect the 9 dots with 4 connecting lines ? Don’t lift your writing instrument off the paper! Brain Teaser

3. People often assume that you must stay within the “box” created by the dots. Think outside the box…literally. Brain Teaser

4. Had you made any assumptions about what the definition of a “line” is? Every part of the problem/question can present a possible solution. Nothing is impossible. Consider every solution before deciding on the best solution. Brain Teaser #2

5. Finally: Is it possible to do with 1 straight line without cutting the page? Brain Teaser #2

6. In groups, use your assigned materials to create a totally new product. Please prepare to present your idea to the class considering the following: 1.The name of your product 2.Who would be interested in this product (age, male or female, needs, interests, etc.) Product Innovation Activity

7. What skills does it take to perform this activity?

8. Journal #4 What did you learn from the activity outside? Self and others. Could you use this ice breaker in your life? How? Ex. As a manager of a retail store… to get the employees to start working together.

9. How do you spell the E word? E N T R E P R E N E U R

10. Definition of an Entrepreneur

11. NFTE’s Definition: A person who organizes and manages a business assuming the risk for the sake of the potential return.

12. Value Creator –Ex: Owner of the local deli Problem Solver –Ex: Bill Gates, Technology Innovator –Ex: Henry Ford, the assembly line Philanthropist –Ex: Andrew Carnegie immigrant as a child with his parents. He built Pittsburgh's Carnegie Steel CompanyPittsburgh'sCarnegie Steel Company Job Creator –Ex: Sam Walton’s Walmart employs nearly 1 in every 123 Americans Role of an Entrepreneur

13. Entrepreneur vs. Employee An Entrepreneur Owns a business Does not have a boss Is responsible for the success or failure of the business Succeeds by satisfying a consumer need An Employee Doesn’t own a business Works for someone else Is responsible for doing his or her job Succeeds by doing his or her job

14. Advantages Disadvantages Advantages & Disadvantages of being an Entrepreneur

15. Advantages Control Over Time Satisfaction Wealth Creation Control Over Compensation Control Over Working Conditions Disadvantages Business Failure Obstacles Loneliness Financial Insecurity Long Hours/Hard Work Advantages & Disadvantages of being an Entrepreneur

16. Adaptability Competitiveness Confidence Drive Organization Persuasiveness  Discipline  Perseverance  Risk-Taking  Understanding  Vision  Honesty Characteristics of a Success Entrepreneur

17. Adaptability Competitiveness Confidence Drive Organization Persuasiveness Discipline Perseverance Risk-Taking Understanding Vision Honesty Characteristics of a Success Entrepreneur

18. To add value to the lives of consumers, the community and the environment at a profit To create mutually beneficial exchange Aim of Business

19. To add value to the lives of consumers, the community and the environment at a profit To create mutually beneficial exchange Money is an important tool, not the goal! Aim of Business

20. What types of people become entrepreneurs? Many successful entrepreneurs started with little money or education It is estimated that more than half of successful entrepreneurs had parents who were entrepreneurs 35% of individuals who start businesses are under the age of 30

21. Most entrepreneurs start businesses in areas in which they already have experience Most entrepreneurs finance their business through personal savings Most entrepreneurs get start-up money from friends and family The difference between women and men? What types of people become entrepreneurs?

22. Of the Inc500 “America’s fastest growing private companies” in 2000: –16% started with less than $1,000 –42% with $10,000 or less –58% with $20,000 or less Inc. Magazine, 2000 What types of people become entrepreneurs?

23. oIndependently owned, operated, and financed oLess than 100 employees oDoesn’t emphasize new or innovative practices oLittle impact on industry oInnovative practices oGoals are profitability and growth oSeeks out new opportunities oWillingness to take risks What types of people become entrepreneurs?

24. Ch. 5 Characteristics of the successful Entrepreneur

25. What kind of people become entrepreneurs? Many successful entrepreneurs start life with very little money or education. Growing up in a difficult environment can lead to what? Who do we blame when a child has taken the wrong path?

26. Characteristics Characteristic- individual quality that may make someone different from someone else. Some people demonstrate these traits as kids but no one is born with all the characteristics. Is growing up in a difficult environment an excuse for the “thugs” in the world? Michael Dyson and Everett Dyson

27. Characteristics of the successful entrepreneur. Adaptability Competitiveness Confidence Drive Honesty Organization Persuasiveness Discipline Perseverance Risk taking Understanding Vision

28. Entrepreneurs are optimists You may have noticed that your day goes better when you feel good about yourself. This is an optimistic, or positive, attitude. Entrepreneurs are optimists. They have to be in order to see opportunities where others only see problems. Problems = opportunities

29. Positive thinking is powerful Pay attention to your own thoughts. Are they mostly negative? Positive? Negative thoughts make you feel powerless and depressed. Positive thoughts make you happy and full of energy. When you catch yourself thinking negative like “I’m really dumb”, replace it with positive one, like “I’m smart and talented”.

30. Entrepreneur Activity In groups of 5-6 students choose a character and discuss within your group if the character is: A. an Entrepreneur or employee –Give an example of how he/she is or is not B. What characteristics does this character have of an Entrepreneur? With example C. What characteristics does this character not have? With example D. Would this character make a good Entrepreneur?

31. Characters Angelica Pickles Dora the explorer Lisa Simpson Mickey Mouse Sponge Bob Bart Simpson Homer Simpson Hey Arnold South Park Character Daria American Dad Doug Tommy Stewie Peter Griffin Nemo