1. Entrepreneurs Characteristics and Contributions 2

2. Guest Speaker What were some of your thoughts about the guest speaker? What were some of your thoughts about the guest speaker? What did you take away from the presentation? What did you take away from the presentation?

3. Innovation Apple - 2009 Apple - 2009 Apple - 2009 Apple - 2009

4. Success The more supportive the family, society, and the political structure, the greater the likelihood that the venture will flourish The more supportive the family, society, and the political structure, the greater the likelihood that the venture will flourish The higher the level of formal education and the stronger the moral attitudes and values, the greater the likelihood of success The higher the level of formal education and the stronger the moral attitudes and values, the greater the likelihood of success The less competition the better the chances of success The less competition the better the chances of success

5. Young vs. Adult What types of challenges do young entrepreneurs face that are different from adult entrepreneurs? What types of challenges do young entrepreneurs face that are different from adult entrepreneurs? Work with a partner and come up with a list of challenges that may face young entrepreneurs Work with a partner and come up with a list of challenges that may face young entrepreneurs

6. Young vs. Adult Little or no business experience Little or no business experience Little life experience Little life experience May have less education May have less education Little or no capital Little or no capital May face discrimination due to age May face discrimination due to age May lack maturity to operate a business May lack maturity to operate a business May lack business contacts May lack business contacts Self confidence Self confidence Peer pressure Peer pressure

7. The Importance of Self-Confidence  Self-confidence is essential to the development of self-control, or inner-control. Those who lack self- confidence often avoid exercising inner control, which means, while they avoid failure, they are also avoiding success  It is very difficult for other people to trust and have confidence in someone when that same person does not have confidence in themselves.

8. How Do You Gain Self-Confidence?  By having successes  By being good at something  By doing what you love to do  Read books about successful people  Challenge yourself  Tackle your fears (on the other side of your fears is your greatest growth)  Be positive  Have initiative  Establish goals

9. Benefits of Being Young What are some of the benefits of being a young entrepreneur? What are some of the benefits of being a young entrepreneur? More energy/Hard working More energy/Hard working Will not take “no” for an answer Will not take “no” for an answer Resourceful Resourceful Creative/Full of ideas Creative/Full of ideas Aware of popular culture and changing trends Aware of popular culture and changing trends

10. Local Entrepreneurs Can you think of some local entrepreneurs in the Burlington area? Can you think of some local entrepreneurs in the Burlington area? Make a list with a partner Make a list with a partner Try to think of true entrepreneurs and not franchises Try to think of true entrepreneurs and not franchises

11. Local Entrepreneurs The Sultan Restaurant The Sultan Restaurant Expert Hose and Coupling Inc. Expert Hose and Coupling Inc. Pur Nutrition Pur Nutrition Smart Computers Smart Computers The Learning Tree The Learning Tree Trains on Brant Trains on Brant Pepperwood Bistro Pepperwood Bistro

12. Effects of Local Entrepreneurs What effects do local entrepreneurs have on the community? What effects do local entrepreneurs have on the community? Job creation Job creation Community leadership Community leadership Funding scholarships Funding scholarships Co-operative education placements Co-operative education placements Help the local economy Help the local economy Change the image of the community Change the image of the community

13. Agents of Change What is an agent of change? What is an agent of change? An agent of change is someone who intentionally or unintentionally causes social, cultural, or behavioural change An agent of change is someone who intentionally or unintentionally causes social, cultural, or behavioural change

14. Agents of Change How are entrepreneurs agents of change? How are entrepreneurs agents of change? Develop new products and services Develop new products and services Begin new ways of production Begin new ways of production Create new ways of doing business Create new ways of doing business Develop new ways of marketing products and services Develop new ways of marketing products and services Modifying existing products or services Modifying existing products or services Create fads and develop trends Create fads and develop trends

15. Homework Java Log Case Study Java Log Case Study