Presentation on theme: "Course introduction. Goals for course: I want to learn how to.. Manage my own company Develop creative ideas I can use in my career Start a business Finance."— Presentation transcript:
Goals for course: I want to learn how to.. Manage my own company Develop creative ideas I can use in my career Start a business Finance and place a valuation on a business Decide which type of business to start Develop a global brand Be a true entrepreneur and how to effectively implement those qualities into my professional life.
Goals for course: I want to learn how to.. Know where to put my money in my business and how you know its the right time to do that Present a new idea that can make money and be ethical to society Open my own successful restaurant or another type of business Recognize and take advantage of an entrepreneurial opportunity when it arises Own a restaurant and gift shop
Goals for course: I want to learn how to.. Start and maintain a successful company through growth Evaluate the logistics and possibilities of new ideas Make relatively quick but also informed decisions in the business world where time is of the essence Separate the good ideas from the bad
Admired entrepreneurs Steve Jobs Truett Cathy (founder of Chick-fil-A) Jim McCann (1-800- flowers) Jeff Bezos (Amazon) Sean "P Diddy" Combs Sam Walton Benjamin Franklin Bill Gates Richard Branson Joyce Clyde Hall (Hallmark Card Co) Tyra Banks Kevin Plank (Under Armour) Brian Taylor (Kernel Seasons) Johnny Morris (Bass Pro Shops)
Admired firms Google ESPN General Electric Wal-Mart Bariatric Health & Wellness (Tusc, AL) Target Nike Apple Toyota Amazon.com Merck & Co. St. Jude Children's Research Hospital Phoenix Lumber (Mobile) Chick-fil-A National Rifle Assn
Duration of window of opportunity Window closes Window opens Too earlyToo late Likelihood of failure through action Likelihood of failure through inaction 0% 100% Likelihood of failure TriggersProspective memory Uncertainty + Counterfactual thinking action domain Prefactual thinking action domain Time Time urgency __ + Domain of entrepreneurial action +
My goals for you Become aware of how business models work and how people make profits – understand the underlying logic of the model Become able to differentiate great ideas from bad ideas Develop skills that will help you become successful entrepreneurs Have fun