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One way you can gain the sense of what a particular business is like is by taking an internship . Similar to an internship, an apprenticeship is where technical skills or a trade is taught (plumbing, electrical, carpentry) Both are usually short-term and may or may not be paying positions.

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One way you can gain the sense of what a particular business is like is by taking an internship.

Similar to an internship, an apprenticeship is where technical skills or a trade is taught (plumbing, electrical, carpentry)

Both are usually short-term and may or may not be paying positions.

Page 2: Chapter 1 presentation 2

Make Your Own Rules Schedule, where you work, and how you get paid

Do What You Enjoy The majority of your life you work, why not do what

you enjoy? Creating Greater Wealth

Employees only make what employer is willing to pay. As an entrepreneur, you can work for what you want.

Helping Your Community Being an entrepreneur allows you to create jobs,

provide services, and personal satisfaction from helping the community.

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Potential Business Failure Time and money that you invest may not ever pay

off. Unexpected Obstacles

Unstable Economy, Decreased Demand, Employees. Financial Insecurity

Many new business may not make money in the beginning and you may not be able to pay yourself. Income is always variable.

Long Hours & Hard Work A successful business may lead you away from

your friends and family.

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Thomas Edison Began the Weekly Herald.

Owned over 1000 patents.

Invented the Phonograph

PT Barnum Was 60 years old when his

circus staged its first show.

The circus generated over $400,000 in the first year.

Became known as the “Greatest Show On Earth”

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William Harley & Arthur Davidson

Developed Harley Davidson motorcycles.

One of only two businesses to survive the great depression.

World’s largest producer of motorcycles grossing $41 million annually.

Maggie Lena Walker Was a staunch advocate of

human rights, self-sufficiency, and improving race relations.

First woman to charter a bank in the United States.

St. Luke's Penny Savings Bank (Consolidated Bank & Trust Company) began in 1903

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Ingvar Kamprad From Sweden

Founder of IKEA furniture company.

One of the ten wealthiest people in the world.

Stephen Wozniak & Steve Jobs In 1976 began a company

with a goal of bringing personal computers to people’s homes.

Total investment of Apple at the beginning was only $1,300.

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Russell Simmons Turned his passion for

hip-hop into a venture that is now worth millions.

Def Jam Records launched a cultural revolution in our country in terms of music, fashion, film, television, and social attraction.

Today’s Entrepreneurs Most companies today use

the internet in some form of business.

Green Companies – a company that adopts business practices aimed at protecting and improving the environment.