Junior Achievement Junior Achievement 5.15.1

““Being Entrepreneurial”Being Entrepreneurial”

Congratulations!Congratulations!You have received your job You have received your job

description and you are ready to description and you are ready to meet with your team.meet with your team.

Every Job Counts!Every Job Counts!

► It may not be your It may not be your first choice, but you first choice, but you should know that should know that every job is equally every job is equally important for the important for the success of your success of your team.team.

But first, let’s review some But first, let’s review some vocabulary.vocabulary.

► Job Interview:Job Interview:► An interview to determine whether an An interview to determine whether an

applicant is suitable for a position of applicant is suitable for a position of employment.employment.

► Applicant:Applicant:► A person who requests or seeks something, A person who requests or seeks something,

such as employment.such as employment.► Ethics:Ethics:► The standards that help determine what is The standards that help determine what is

good, right, and proper.good, right, and proper.

““The important thing is The important thing is not being afraid to take not being afraid to take a chance. Remember, a chance. Remember, the greatest failure is the greatest failure is

not to try. Once you find not to try. Once you find something you love to something you love to

do, be the best at doing do, be the best at doing it.”it.”-Debbi Fields-Debbi Fields

(Mrs. Fields (Mrs. Fields Cookies)Cookies)

Do you agree with this Do you agree with this statement?statement?

►Why or why not?Why or why not?

““Take a Chance”Take a Chance”

►Why do you think it Why do you think it is important to is important to “take a chance” “take a chance” when operating a when operating a business?business?

Today you will learn Today you will learn about some of the most about some of the most

important important characteristics that a characteristics that a person needs to be person needs to be

successful in the world successful in the world of business.of business.

From this point forward, please From this point forward, please sit with your business team sit with your business team during Junior Achievement. during Junior Achievement.

Your team will receive a Your team will receive a business workbook which business workbook which

describes specific job describes specific job responsibilities.responsibilities.

Please start by completing your Please start by completing your Business Introductions Business Introductions

Worksheet on page 64 of your Worksheet on page 64 of your workbook.workbook.

Now take turns Now take turns introducing yourselves introducing yourselves to each other using the to each other using the

worksheet as a worksheet as a guideline.guideline.

You may have what it takes to You may have what it takes to be an entrepreneur!be an entrepreneur!

What’s an entrepreneur, you What’s an entrepreneur, you ask?ask?

An Entrepreneur:An Entrepreneur:

► Fills a need: They Fills a need: They find something that find something that people want that is people want that is not available or that not available or that people want offered people want offered to them in a new to them in a new way (like Mrs. way (like Mrs. Field’s cookies).Field’s cookies).

An Entrepreneur:An Entrepreneur:

► Knows their Knows their customer and customer and product. They have product. They have expert knowledge of expert knowledge of the goods and the the goods and the people who use people who use them (like Michael them (like Michael Dell of Dell Dell of Dell computers).computers).

An Entrepreneur:An Entrepreneur:

► Is creative and Is creative and innovative. They innovative. They develop new ideas develop new ideas that are original that are original (like Thomas Edison (like Thomas Edison – the inventor of the – the inventor of the light bulb).light bulb).

An Entrepreneur:An Entrepreneur:

► Believes in Believes in themselves. They themselves. They are almost always are almost always risk takers, and they risk takers, and they are willing to keep are willing to keep on trying new ideas on trying new ideas even when they may even when they may fail at first (like J.K. fail at first (like J.K. Rowling – the author Rowling – the author of the Harry Potter of the Harry Potter series).series).

Your job is to come up Your job is to come up with an innovative idea with an innovative idea for the future. Invent a for the future. Invent a

new good or service new good or service that people will want. that people will want.

Write down your ideas in Write down your ideas in page 65 in your page 65 in your

workbook.workbook.

Now, as a team, share Now, as a team, share your ideas and decide your ideas and decide

which idea is the best to which idea is the best to present to the class. The present to the class. The

person who originally person who originally thought of the idea gets thought of the idea gets

to present it to the to present it to the class.class.

We will vote for the best We will vote for the best idea of all. (You are not idea of all. (You are not allowed to vote for your allowed to vote for your team’s idea, though.)team’s idea, though.)

This is great practice for the This is great practice for the process you will use at JA process you will use at JA

BizTown. You will have to work BizTown. You will have to work together as a team to come together as a team to come

up with ways to improve your up with ways to improve your business.business.

Please complete the Please complete the Word Map on page 66, Word Map on page 66,

entrepreneurs.entrepreneurs.