Entrepreneurship

What

is a

n

entr

epre

neur?

People who own, operate, and take the

risk of a business venture”

Entr

epre

neurs

hip

The process of running

a business of one’s own.”

What

is t

he d

iffere

nce

betw

een a

n e

mplo

yee

and a

n e

ntr

epre

neur?

Entrepreneurs assume

risk.”

Em

plo

yees

People who work for

someone else.”

Why

Do P

eople

B

eco

me

Entr

epre

neurs

?

1. To pursue a personal dream.

2. To be your own boss.

3. To do something you enjoy.

4. To be creative.5. Freedom to set your own

schedule.6. Controlling your own

destiny.7. Being recognized in the

community.8. Possibility of making more

money.

Types

of

Entr

epre

neuri

al

Busi

ness

es

1.Manufacturing2.Wholesaling3.Retailing4.Service

MA

NU

FAC

TU

RIN

G…

pro

duce

the p

roduct

s th

ey

sell

1. Apparel and other textile

products2. Chemicals and related

products3. Electronics and other electrical

equipment4. Fabricated metal products

5. Food products6. Industrial machinery and

equipment7. Printing and publishing

8. Rubber and miscellaneous

plastic products9. Stone, clay, and glass products

WH

OLE

SA

LIN

G…

sell

pro

duct

s to

people

oth

er

than t

he fi

nal c

onsu

mer

1. Apparel2. Electrical goods3. Groceries and related products

4. Hardware, plumbing, heating

equipment5. Lumber, construction materials

6. Machinery, equipment,

supplies7. Motor vehicles, automotive

equipment8. Paper, paper products

9. Petroleum, petroleum products

RETA

ILIN

G…

Sell

pro

duct

s dir

ect

ly t

o t

he

people

who u

se o

r co

nsu

me

them

1. Auto and home supply stores

2. Building materials and supply

stores3. Clothing stores4. Florists5. Furniture stores

6. Gift, novelty, and souvenir stores

7. Grocery stores8. Hardware stores9. Jewelry stores10.Retail bakeries11.Shoe stores12.Sporting goods and, bicycle

stores

SERV

ICE…

sell

serv

ices

rath

er

than p

roduct

s

1. Appliance repair2. Automotive repair3. Babysitting4. Bookkeeping5. Consulting6. Dance instruction

7. Exterminators8. Electrical services9. Flower decorating10.House cleaning11.Lawn care12.Painting13.Plumbing14.Translating15.Travel agency

16.Tutoring

OTH

ER

B

USIN

ESS A

REA

S

Agricultural – generate fresh produce and other farm productsMining and extracting

– take resources like

coal out of the ground

so they can be consumed

Entr

epre

neurs

To

day

More than 6.5 million small businesses contribute billions

of dollars every year to the United States economy.

Import

ance

of

Entr

epre

neurs

hip

Small companies employ more workers than all of

the country’s large corporations combined.

Import

ance

of

Entr

epre

neurs

hip

Many large companies

began as small companies. Small companies can

be more creative and

take more risks. Their experimentation

leads to technological

success and increased

productivity.

REV

IEW

OF

VO

CA

BU

LARY

EntrepreneurshipEntrepreneursEmployeesManufacturingWholesalingRetailingServiceAgriculturalMining and extracting

Entre

pre

neurs w

ho

changed U

S H

istory

1. Henry Ford

2. Eli Whitney

3. Milton

Hershey

4. Walt Disney

5. Ben Franklin

6. Howard

Hughes

7. Steve Jobs

8. Bill Gates

9. Donald Trump

10. Debbi Fields

11.Estee Lauder

12.Coco Chanel

13. Oprah Winfrey

14. Ben & Jerry

15. Mary Kay Ash

16. Clarence

Birdseye

Project

Create a PowerPoint describing an entrepreneur who has made an impact on American society.

1. Choose the entrepreneur and receive teacher approval2. Research the entrepreneur and create a works cited using

MLA (You may use easybib.com)3. Information to include in PowerPoint:

1. Brief childhood background (if you can find it)2. Schooling or training received3. Characteristics that made the individual a successful

entrepreneur4. Unique idea or business 5. Failures along the way to success6. Reason why the entrepreneur was successful

4. Please include at least two pictures of the entrepreneur (These must be endnoted and sites recorded in the works cited.)

5. Prepare a brief speech to present to the class.

GRADING – 100 POINTS

INFORMATION - 5 POINTS EACH (30 POINTS)

1. Brief childhood background (if you can find it)2. Schooling or training received3. Characteristics that made the individual a successful

entrepreneur4. Unique idea or business 5. Failures along the way to success6. Reason why the entrepreneur was successful

CITATIONS – (20 POINTS) - MUST HAVE AT LEAST 4 SOURCES7. Proper endnotes8. Correct citations in works cited

PRESENTATION – (50 POINTS) – 1 POINT OFF FOR EVERY SPELLING ERROR

9. Two pictures are used10.Abbreviated information on slides11.Preparation12.Presentation technique (eye contact, posture, speech)

Qualit

ies

of

a

Good S

peech

Eye ContactEnunciateUnderstandable PacePosture/Body Language

Enthusiasm/Inflection/

EnergyKnow Your Subject Matter

Practice