1. Entrepreneurship

2. What is an Entrepreneur? A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. What does the second line mean?

3. Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled. What does the second line in this definition mean? A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. What is the difference between the two?

4. After having a short discussion and reading the handout. Describe what an Entrepreneur is. What is an example of creative destruction that you can think of? What are some characteristics of an Entrepreneur? Are Entrepreneurs important for society? Why?

5. Dividend Stock IPO Ticket Symbol P/E Ratio Portfolio shares

6. Entrepreneurship Cont.

7. Ultimately an Entrepreneur has two goals... To produce a product that helps to innovate an industry, or start a new one. to make money. And these two goals require an Entrepreneur to pay close attention to several indicators.

8. Capital- cash owned by a company and used to expand, includes machinery, factories, all assets. An entrepreneur must have capital to start a business. But even after they start their venture capital continues to be important.

9. Before a product can be made productions costs must be examined. Production Costs- how much it costs to produce an item. +++= Cost Production Costs

10. Once the product is produced and being sold it is important to keep close track of your companies revenue. Revenue - The amount of money a company receives from the sale of goods and services.

11. Profit- When revenue exceeds costs (paying employees, resources, etc.) and taxes. But the real number that Entrepreneurs, and any business person, cares about is Profit. Gross Profit - Revenue minus production costs only. (Does not include taxes and payroll).

12. Finally, an entrepreneur must always pay attention to how his/her customer feels about the product. Their consumer satisfaction. Consumer satisfaction - how products and services of a company either meet, surpass, or fall short of consumer expectations.

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