Presentation on theme: "SHOULD YOU BECOME AN ENTREPRENEUR?"— Presentation transcript:
1SHOULD YOU BECOME AN ENTREPRENEUR? Chapter 1SHOULD YOU BECOME AN ENTREPRENEUR?1.1 Entrepreneurs: Present and Past1.2 Is Entrepreneurship Right for You?1.3 Identify Business Opportunities and Set Goals
2Lesson 1.1 ENTREPRENEURS: PRESENT AND PAST Chapter 1Lesson 1.1 ENTREPRENEURS: PRESENT AND PASTGOALSDefine entrepreneurship.Learn about entrepreneurship in history.Identify the impact of entrepreneurs and small business today.
3WHAT IS AN ENTREPRENEUR? Chapter 1WHAT IS AN ENTREPRENEUR?DefinitionsPeople who own, operate, and take the risk of a business venture are called entrepreneurs.Entrepreneurship is the process of running a business of one’s own.Employees vs. entrepreneursWhy do people become entrepreneurs?
4TYPES OF ENTREPRENEURIAL BUSINESSES Chapter 1TYPES OF ENTREPRENEURIAL BUSINESSESManufacturingWholesalingRetailingServiceAgriculturalMining and extracting
5EXAMPLES OF MANUFACTURING BUSINESSES Chapter 1EXAMPLES OF MANUFACTURING BUSINESSESApparel and other textile productsChemicals and related productsElectronics and other electrical equipmentFabricated metal productsFood productsIndustrial machinery and equipmentPrinting and publishingRubber and miscellaneous plastic productsStone, clay, and glass products
6EXAMPLES OF WHOLESALING BUSINESSES Chapter 1EXAMPLES OF WHOLESALING BUSINESSESApparelElectrical goodsGroceries and related productsHardware, plumbing, heating equipmentLumber, construction materialsMachinery, equipment, suppliesMotor vehicles, automotive equipmentPaper, paper productsPetroleum, petroleum products
7EXAMPLES OF RETAILING BUSINESSES Chapter 1EXAMPLES OF RETAILING BUSINESSESAuto and home supply storesBuilding materials and supply storesClothing storesFloristsFurniture storesGift, novelty, and souvenir storesGrocery storesHardware storesJewelry storesRetail bakeriesShoe storesSporting goods and bicycle stores
8EXAMPLES OF SERVICE BUSINESSES Chapter 1EXAMPLES OF SERVICE BUSINESSESAppliance repairAutomotive repairBabysittingBookkeepingConsultingDance instructionElectrical servicesExterminatorsFlower decoratingHouse cleaningLawn carePaintingPlumbingTranslatingTravel agencyTutoring
9ENTREPRENEURS IN UNITED STATES HISTORY Chapter 1ENTREPRENEURS IN UNITED STATES HISTORYEntrepreneurs who changed AmericaNineteenth century entrepreneursEarly 20th century entrepreneursEntrepreneurs today
10Lesson 1.2 IS ENTREPRENEURSHIP RIGHT FOR YOU? Chapter 1Lesson 1.2 IS ENTREPRENEURSHIP RIGHT FOR YOU?GOALSIdentify the characteristics of successful entrepreneurs.Assess whether you have what it takes to succeed in your own business.
11CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS Chapter 1CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURSSuccessful entrepreneursare independentare self-confidenthave determination and perseveranceare goal-orientedhave a need to achieve and to set high standards for themselvesare creativeare able to act quickly
12SMALL BUSINESSES DOMINATE THE U.S. ECONOMY 3/31/2017Chapter 1SMALL BUSINESSES DOMINATE THE U.S. ECONOMYChapter 1
13ASSESS YOUR SUITABILITY FOR ENTREPRENEURSHIP Chapter 1ASSESS YOUR SUITABILITY FOR ENTREPRENEURSHIPAssess your interestsHobbies and interestsPast experiencesAssess your aptitudeAssess the advantages of entrepreneurshipAssess the disadvantages of entrepreneurship
14JOB ATTRIBUTES CHECKLIST Chapter 1JOB ATTRIBUTES CHECKLISTI enjoy working with numbers.I enjoy working outdoors.I enjoy working with my hands.I enjoy selling.I like working with people.I prefer to work alone.I like supervising other people.I like knowing exactly what it is I am supposed to do.
15ADVANTAGES OF ENTREPRENEURSHIP Chapter 1ADVANTAGES OF ENTREPRENEURSHIPEntrepreneurs are their own bosses.Entrepreneurs can choose a business that interests them.Entrepreneurs can be creative.Entrepreneurs can make lots of money.
16DISADVANTAGES OF ENTREPRENEURSHIP Chapter 1DISADVANTAGES OF ENTREPRENEURSHIPEntrepreneurship is risky.Entrepreneurs face uncertain and irregular incomes.Entrepreneurs work long hours.Entrepreneurs must make all decisions by themselves.
17Lesson 1.3 IDENTIFY BUSINESS OPPORTUNITIES AND SET GOALS Chapter 1Lesson 1.3 IDENTIFY BUSINESS OPPORTUNITIES AND SET GOALSGOALSRecognize different businesses you could start.Identify your own personal goals.
18INVESTIGATE OPPORTUNITIES Chapter 1INVESTIGATE OPPORTUNITIESLibrarySmall Business AdministrationTrade shows
19COMPARE DIFFERENT OPPORTUNITIES Chapter 1COMPARE DIFFERENT OPPORTUNITIESIs there a market? Will people buy?How much money would it take? Will I be able to borrow that much?How many hours a week are required? Am I willing to commit that much time?What are the risks? What is the rate of business failure?Do I have the right background? Do others who own this kind of business have more experience?How much money could I make?