1. Entrepreneurship Opportunities

2. Checkpoint Describe different types of entrepreneurial businesses.

3. Recognizing Opportunity Many companies began with one person who started a business based on a single opportunity. Small businesses employ more workers than all of the country’s large corporations combined.

4. Chapter 1 Slide 4 Entrepreneurs Who Changed America Starbucks Coffee Company  retailer of coffee products  introduced new product,  became international coffeehouse franchise Espresso

5. Chapter 1 Slide 5  corporate vision was to provide home improvement products  at the lowest price  with the best customer service  within 30 years, has expanded to 2,100 stores The Home Depot Entrepreneurs Who Changed America

6. Chapter 1 Slide 6  founded in 1986  ___________is the first woman in history to own and produce her own talk show  HARPO Entertainment Group  HARPO Films  HARPO Video HARPO Productions, Inc. Entrepreneurs Who Changed America Oprah Winfrey

7. Geek Squad Video Clip

8. Chapter 1 Slide 8 Describe how the entrepreneurs discussed recognized an opportunity to develop a successful business.

9. Chapter 1 Slide 9 Business Success or Failure Over half of all new businesses fail within their first four years. Success requires a firm understanding of how to run a business. Perseverance is a requirement for success.

10. Chapter 1 Slide 10 Characteristics of an Entrepreneur Name three important characteristics of entrepreneurs.

11. Chapter 1 Slide 11 Characteristics of Successful Entrepreneurs Successful entrepreneurs are:  independent  self-confident  determined  goal-oriented  achievement-oriented

12. Chapter 1 Slide 12 inclined to set high standards for themselves  creative  able to act quickly  technologically savvy Characteristics of Successful Entrepreneurs

13. Successful Entrepreneurs = Good Team Members Entrepreneurs realize there are other stakeholders in their business:  Partners  Investors  Employees  Suppliers  Customers  Creditors

14. Play-Doh Challenge What does a good team member look like? In groups of 3-4, you will be given a word that describes a good team member. WITHOUT TALKING, you will create an image using Play-Doh that would describe your word. You have only 5 minutes to create your master piece! Once complete, the other teams will have to guess what your word is. The team with the most correct guess will win a prize!

15. Chapter 1 Slide 15 Characteristics of Good Team Members Good team members display the following traits:  commitment  competency  communication  cooperation  creativity

16. Chapter 1 Slide 16 Are You Right for Entrepreneurship? self-assessment  an evaluation of your strengths and weaknesses aptitude  the ability to learn a particular type of job

17. Chapter 1 Slide 17 Assess the Advantages of Entrepreneurship Advantages of entrepreneurship include:  being your own boss  choosing a business of interest to you  being creative  making large sums of money

18. Chapter 1 Slide 18 Assess the Disadvantages of Entrepreneurship Disadvantages of entrepreneurship include:  risk  uncertain and irregular incomes  long hours  all decisions are made independently

19. Today’s Task 1.Using the Job Attributes Checklist below, place a check mark next to those statements that apply to you. 2.Make a list of 3-4 jobs that would match your aptitudes and interests.