Presentation is loading. Please wait.

Presentation is loading. Please wait.

Entrepreneurship: Ideas in Action © Cengage Learning/South-Western ChapterChapter1 Should You Become an Entrepreneur? 1.1 All About Entrepreneurship 1.2.

Similar presentations


Presentation on theme: "Entrepreneurship: Ideas in Action © Cengage Learning/South-Western ChapterChapter1 Should You Become an Entrepreneur? 1.1 All About Entrepreneurship 1.2."— Presentation transcript:

1

2 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western ChapterChapter1 Should You Become an Entrepreneur? 1.1 All About Entrepreneurship 1.2 Is Entrepreneurship Right for You? 1.3 Exploring Ideas and Opportunities 1.4 Problem Solving for Entrepreneurs 1

3 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 2 Ideas in Action After identifying an unmet need in the marketplace, 4Teens Network was established to match employers and teen employees. After business model testing was completed, external financing was obtained. The company continues to be successful. Making Job Connections

4 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 3 Lesson 1.1 All About Entrepreneurship Goals Define entrepreneurship. Recognize the role entrepreneurs play in the U.S. economy. Examine the reasons that businesses succeed or fail.

5 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 4 Terms entrepreneurs entrepreneurship employees

6 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 5 What is an Entrepreneur? entrepreneurs people who own, operate, and take the risk of a business venture entrepreneurship running a business of one’s own

7 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 6 They provide a service or product to meet those needs. Entrepreneurs identify unmet needs in the marketplace.

8 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 7 people who work for someone else are subjected to neither the risks nor benefits of business ownership employees

9 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 8 the desire to set your own schedule the need to work out of your home the wish to pursue a personal dream Reasons for becoming an entrepreneur include:

10 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 9 Types of Entrepreneurial Businesses manufacturing wholesaling retailing service

11 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 10

12 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 11 Other Entrepreneurial Businesses agricultural mining and extracting

13 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 12 Describe different types of entrepreneurial businesses.

14 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 13 Recognizing Opportunity Many companies began with one person who started a business based on a single opportunity. Small businesses employ more workers than all of the country’s large corporations combined.

15 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 14 Entrepreneurs Who Changed America Starbucks Coffee Company retailer of coffee products introduced new product, Espresso became international coffeehouse franchise

16 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 15 corporate vision was to provide home improvement products at the lowest price with the best customer service within 30 years, has expanded to 2,100 stores The Home Depot

17 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 16 founded in 1986 Oprah Winfrey is the first woman in history to own and produce her own talk show HARPO Entertainment Group HARPO Films HARPO Video HARPO Productions, Inc.

18 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 17 Describe how one of the entrepreneurs discussed above recognized an opportunity to develop a successful business.

19 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 18 Business Success or Failure Over half of all new businesses fail within their first four years. Success requires a firm understanding of how to run a business. Perseverance is a requirement for success.

20 Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 19 What factors contribute in helping a business to succeed?


Download ppt "Entrepreneurship: Ideas in Action © Cengage Learning/South-Western ChapterChapter1 Should You Become an Entrepreneur? 1.1 All About Entrepreneurship 1.2."

Similar presentations


Ads by Google