Mr. Springhower March ‘07Mr. Springhower March ‘07Intro to BusinessIntro to Business

BusinessBusiness- 1- 1 the buyingthe buying and selling of goodsand selling of goods, , 22 a a commercial enterprise suchcommercial enterprise such as a factoryas a factory, , storestore, , etcetc

What constitutes What constitutes a business?a business?

Who are some famous Who are some famous business people?business people?

Business is something we Business is something we take part in every day.take part in every day.

-Grocery Stores-Music Stores-Hair Salons-Car Dealerships-Fast Food Restaurants-Real Estate Companies

Some businesses have Some businesses have thousands of employees.thousands of employees.

Other businesses have Other businesses have only one employee.only one employee.

Famous Business Famous Business PeoplePeople

-Bill Gates Microsoft-Sam Walton Wal-mart-Henry Ford Ford Motor Company-John Deere J.D.Tractor Company-Dave Thomas Wendy's-Philip H. Knight Nike

What are some What are some things that things that

these these individuals had individuals had

in common?in common?

           

-Ingenuity-Ingenuity-Foresight-Foresight-Creativity-Creativity-Vision-Vision

What is the main goal What is the main goal of a business?of a business?

To earn a profit!!!To earn a profit!!!

ProfitProfit – the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost

All businesses must All businesses must remain profitable in remain profitable in order to stay open.order to stay open.

What strategies does a What strategies does a business need to business need to

become and remain become and remain profitable?profitable?

A successful product A successful product or service!!!or service!!!

Industry knowledge, Industry knowledge, use of technology use of technology

and competent and competent employees!!!employees!!!

A successful A successful marketing plan!!!marketing plan!!!

All of these factors All of these factors combined will allow combined will allow

you to develop a you to develop a successful successful business!!!business!!!

BibliographyAll Pics from Microsoft Office

Clip Art unless noted.

Page 2http://www.m-w.com/dictionary/profit

Page 8 http://www.Nike.comhttp://www.wendys.com/http://www.walmart.com/http://www.deere.com/http://www.microsoft.com/http://www.fordvehicles.com/

Page 9http://www.hfmgv.org/exhibits/hf/http://en.wikipedia.org/wiki/Dave_Thomashttp://www.askmen.com/men/business_politics/29_philip_knight.

htmlhttp://en.wikipedia.org/wiki/Sam_Waltonhttp://www.microsoft.com/presspass/exec/billg/bio.mspx

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http://www.m-w.com/dictionary/profit

http://www.chevrolet.com/

http://www.maytag.com/catalog/category.jsp?cat=14