1. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON9-1 GOALS  Explain the importance of entrepreneurs in the development of an economy.  Differentiate between the types of entrepreneurial businesses.  Describe telecommuting and the effect of technology on home-based businesses. ENTREPRENEURIAL ENTERPRISES

2. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 2 The Economic Importance of Entrepreneurs Innovation and the entrepreneurial spirit Economic and social benefits of small business Major creators of new products Major source of jobs Often provide personal service

3. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 3 Types of Entrepreneurial Businesses Agriculture, mining, and extracting companies Manufacturing companies Wholesalers Retailers Service companies

4. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 4 Home-Based Businesses Telecommuting

5. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON9-2 GOALS  Evaluate self-employment as a career option.  Describe the first three sections of a business plan. THE BUSINESS PLAN AND SELF- EMPLOYMENT

6. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 6 Self-Employment as a Career Advantages of self-employment Disadvantages of self-employment Qualities of successful entrepreneurs

7. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 7 Business description Organizational structure Marketing activities Financial planning Production activities Human resource activities Information needs Business description Organizational structure Marketing activities The Parts of a Business Plan

8. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON9-3 GOALS  Outline the process of financing a small business.  Identify the major business activities of a small business manager. OPERATING AN ENTREPRENEURIAL ENTERPRISE

9. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 9 Business description Organizational structure Marketing activities Financial planning Production activities Human resource activities Information needs Financial planning The Parts of a Business Plan

10. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 10 Financing a Small Business Analyzing costs Variable costs Fixed costs Breakeven point Sources of funds Equity funds Debt funds

11. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 11 Financial Records of Small Businesses Balance sheet Income statement Cash flow statement

12. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 12 Business description Organizational structure Marketing activities Financial planning Production activities Human resource activities Information needs Production activities Human resource activities Information needs The Parts of a Business Plan

13. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 13 Managing the Small Business Production management Human resources management Information management