Chapter 37 What is Entrepreneurship?. Entrepreneurship Entrepreneurship - Is the process of starting and managing your own business. Entrepreneurs – are.

Slides:

Advertisements

Similar presentations

Read to Learn Describe the advantages and disadvantages of the three major forms of business organizations. Describe how cooperatives and nonprofits are.

Advertisements

Business Know-how Housing and Interiors. Entrepreneur A person who assumes risk of starting and operating a business for the purpose of making a profit.

Chapter 33.  The process of starting and managing your own business  Entrepreneurs – are people who organize, manage, and take a risk to own a business.

Chapter 6: Business Ownership and Operations

Selecting a Form of Business Ownership

Forms of Business Ownership & Business Law Part I BCS-BE-16: The student evaluates sole proprietorships as a form of business. BCS-BE-17: The student evaluates.

Business Ownerships MARKETING DYNAMICS UNIT 1 LESSON 2 Copyright © Texas Education Agency, All rights reserved.

Section 33.2 Logistics of Business Ownership

Business Ownership and Operations

1.02—Types of Business Organization

Types of Business Ownership Chapter 6.1

SELECT A TYPE OF OWNERSHIP

Chapter 5 Proprietorships & Partnerships

B USINESS O WNERSHIP Introduction to Business & Marketing.

After completing this chapter you will be able to: 1.Name business ownerships 2. Compare the ownerships 3. Describe alternative ways to do business 4.

Types of Business Ownership

Forms of Business Ownership

The story of 5 entrepreneurs…. Business Management.

SELECT A TYPE OF OWNERSHIP

Lesson 4.3 CHOOSE THE LEGAL FORM OF YOUR BUSINESS

LESSONS ENTREPRENEURSHIP: Ideas in Action© SOUTH-WESTERN PUBLISHING Chapter 2 SELECT A TYPE OF OWNERSHIP An Existing Business A Franchise.

Goals Understand the three major forms of business ownership Determine when each form of business ownership is most appropriate Recognize other specialized.

The story of 5 entrepreneurs…. Business Management January 31, 2012.

Entrepreneurship: Owning Your Own Business

Goals Understand the three major forms of business ownership Determine when each form of business ownership is most appropriate Recognize other specialized.

Click here to advance to the next slide.. Chapter 6 Business Ownership and Operations Section 6.1 Types of Business Ownership.

The story of 5 entrepreneurs…. Business Management.

Click here to advance to the next slide.. Chapter 6 Business Ownership and Operations Section 6.1 Types of Business Ownership.

Unit 11 Entrepreneurship and Finance

1 5 & 6. Small Business, Entrepreneurship & Franchises Part I.

Choosing Forms of Ownership CHAPTER 2 BBE2313 FUNDAMENTAL OF ENTREPRENUERSHIP.

Copyright © 2007 South-Western. All rights reserved. Chapter 5 Selecting a Form of Business Ownership.

Select a Type of Business Chapter #4. Way to be a Business Owner Purchase an Existing Business Enter a Family Business Franchise Ownership Starting Your.

Starting Your Own Business. Advantages of Entrepreneurship Entrepreneur – person who organizes, manages, and assumes the risk of the business Risk – a.

Types of Business Organizations Compare the main types of business organization: Sole proprietorship, partnership, corporation, and franchise.

Entrepreneurial Concepts

Business Ownership Marketing 1.

Bell Ringer Activity Identify 3 local business and determine what type of businesses they are (sole proprietorship, partnership, corporation).

Introduction to Business Chapter 6 Business Ownership.

Business. Business Facts A person that starts a business is an entrepreneur. Four elements of business: 1. Expenses: What you need to purchase to start.

Discuss the ___________ enterprise system. Free Enterprise System Referred to as _________________. Encourages individuals to start and operate their.

Chapter 6 Business Ownership and Operations

Forms of Business Ownership GOALS UNDERSTAND THE THREE MAJOR FORMS OF BUSINESS OWNERSHIP. DETERMINE WHEN EACH FORM OF BUSINESS OWNERSHIP IS MOST APPROPRIATE.

Chapter 3 Types of Business Ownership. public sector private sector competition price competition nonprice competition market oligopoly monopoly profit.

EPF-2c Unit 3 (Part One) I can identify the role of entrepreneurs Target B.

A Basic Business Reader Chapter 3 Forms of Business Ownership (2)

Chapter 3 Forms of Ownership of Small Businesses University of Bahrain College of Business Administration MGT 239: Small Business MGT239 1.

The story of 5 entrepreneurs…. Business Management.

Business Ownerships Chapter 6. Warm-up 1.List 5 advantages of working by yourself. 2.List 5 advantages of working with a partner. 3.If you could choose.

> > > > Objective 3.01: Factors Influencing Entrepreneurship.

Business Ownership and Operations Freshman Seminar - Introduction to Business Bishop Kearney High School Dr. Hays.

Forms of Business Ownership 5-2. Goals Understand the three major forms of business ownership. Determine when each form of business ownership is most.

THE “THREE” TYPES OF BUSINESS CHAPTER 22, SECTION 1.

Business Ownership Section 33.2

Introduction to Business & Marketing

Chapter 33 entrepreneurial concepts Section 33.1 Entrepreneurship

Objective 3.01: Factors Influencing Entrepreneurship

BECOMING AN ENTREPRENEUR

Discuss the free enterprise system

Forms of Business Ownership

* * * How to Form a Business CHAPTER 5 Nickels McHugh McHugh * * 1-1.

Unit 11 Entrepreneurship and Finance

SELECT A TYPE OF OWNERSHIP

Objective 3.01: Factors Influencing Entrepreneurship

Introduction to Business

Chapter 37 – Retail selling

6 Chapter Business Ownership and Operations pp

Discuss the free enterprise system

Friday March 27, 2015 Types of Businesses Project Questions

Entrepreneurial Concepts

Presentation transcript:

Chapter 37 What is Entrepreneurship?

Entrepreneurship Entrepreneurship - Is the process of starting and managing your own business. Entrepreneurs – are people who attempt to earn money and profits by taking the risk of owning and operating a business

Activity #1 Adv. vs Disad. of Entrepreneurship AdvantagesDisadvantages

Advantages of Entrepreneurship Personal Freedom – You are Your own BOSS! Increased Income – You make profits! You make all of the decisions Increased Self Esteem

Disadvantages of Entrepreneurship Take a huge financial RISK! You do all of the work You may lack special skills and abilities. You may run out of money.

Activity #2 – What makes an Entrepreneur Successful? Do self Evaluation on page 491 List the characteristics that you think make a good entrepreneur.

Characteristics of a Successful Entrepreneur Strong Organizational Skills Drive or Ambition Leadership Ability Skills to operate the business

Statistics About Businesses 60% of those who start a business are between the ages of 25 and 40. 8,400 new businesses are started each week. Small businesses produce 50% of the GDP 420,000 businesses are started each year.

Types of Business Ownership Sole Proprietorship – owner Partnerships – more than owners Corporations – chartered by the state to operate

Sole Proprietorship Is a business owned by 1 owner AdvantagesDisadvantages

Partnership Is a legal agreement between 2 or more people to be jointly responsible for the success or failure of a business. AdvantagesDisadvantages

Corporation A business that is chartered by a state & legally operates apart from the owners. Stockholders Board of Directors Articles of Incorporation

Adv. & Disadvantages of Corporations Advantages Disadvantages

Percentages of Business Ownership

What is a Franchise? Franchise – a legal agreement to operate a business in the name of a recognized company. Franchisee – the person purchasing the franchise Franchisor – the owner of the recognized company

Adv. & Disadvantages of Franchises Advantages Disadvantages