1. SHOULD YOU BECOME AN ENTREPRENEUR?
Chapter 1
SHOULD YOU BECOME AN ENTREPRENEUR?
1.1 Entrepreneurs: Present and Past
1.2 Is Entrepreneurship Right for You?
1.3 Identify Business Opportunities and Set Goals

2. Lesson 1.1 ENTREPRENEURS: PRESENT AND PAST
Chapter 1
Lesson 1.1 ENTREPRENEURS: PRESENT AND PAST
GOALS
Define entrepreneurship.
Learn about entrepreneurship in history.
Identify the impact of entrepreneurs and small business today.

3. WHAT IS AN ENTREPRENEUR?
Chapter 1
WHAT IS AN ENTREPRENEUR?
Definitions
People 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. entrepreneurs
Why do people become entrepreneurs?

4. TYPES OF ENTREPRENEURIAL BUSINESSES
Chapter 1
TYPES OF ENTREPRENEURIAL BUSINESSES
Manufacturing
Wholesaling
Retailing
Service
Agricultural
Mining and extracting

5. EXAMPLES OF MANUFACTURING BUSINESSES
Chapter 1
EXAMPLES OF MANUFACTURING BUSINESSES
Apparel and other textile products
Chemicals and related products
Electronics and other electrical equipment
Fabricated metal products
Food products
Industrial machinery and equipment
Printing and publishing
Rubber and miscellaneous plastic products
Stone, clay, and glass products

6. EXAMPLES OF WHOLESALING BUSINESSES
Chapter 1
EXAMPLES OF WHOLESALING BUSINESSES
Apparel
Electrical goods
Groceries and related products
Hardware, plumbing, heating equipment
Lumber, construction materials
Machinery, equipment, supplies
Motor vehicles, automotive equipment
Paper, paper products
Petroleum, petroleum products

7. EXAMPLES OF RETAILING BUSINESSES
Chapter 1
EXAMPLES OF RETAILING BUSINESSES
Auto and home supply stores
Building materials and supply stores
Clothing stores
Florists
Furniture stores
Gift, novelty, and souvenir stores
Grocery stores
Hardware stores
Jewelry stores
Retail bakeries
Shoe stores
Sporting goods and bicycle stores

8. EXAMPLES OF SERVICE BUSINESSES
Chapter 1
EXAMPLES OF SERVICE BUSINESSES
Appliance repair
Automotive repair
Babysitting
Bookkeeping
Consulting
Dance instruction
Electrical services
Exterminators
Flower decorating
House cleaning
Lawn care
Painting
Plumbing
Translating
Travel agency
Tutoring

9. ENTREPRENEURS IN UNITED STATES HISTORY
Chapter 1
ENTREPRENEURS IN UNITED STATES HISTORY
Entrepreneurs who changed America
Nineteenth century entrepreneurs
Early 20th century entrepreneurs
Entrepreneurs today

10. Lesson 1.2 IS ENTREPRENEURSHIP RIGHT FOR YOU?
Chapter 1
Lesson 1.2 IS ENTREPRENEURSHIP RIGHT FOR YOU?
GOALS
Identify the characteristics of successful entrepreneurs.
Assess whether you have what it takes to succeed in your own business.

11. CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS
Chapter 1
CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS
Successful entrepreneurs
are independent
are self-confident
have determination and perseverance
are goal-oriented
have a need to achieve and to set high standards for themselves
are creative
are able to act quickly

12. SMALL BUSINESSES DOMINATE THE U.S. ECONOMY
3/31/2017
Chapter 1
SMALL BUSINESSES DOMINATE THE U.S. ECONOMY
Chapter 1

13. ASSESS YOUR SUITABILITY FOR ENTREPRENEURSHIP
Chapter 1
ASSESS YOUR SUITABILITY FOR ENTREPRENEURSHIP
Assess your interests
Hobbies and interests
Past experiences
Assess your aptitude
Assess the advantages of entrepreneurship
Assess the disadvantages of entrepreneurship

14. JOB ATTRIBUTES CHECKLIST
Chapter 1
JOB ATTRIBUTES CHECKLIST
I 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.

15. ADVANTAGES OF ENTREPRENEURSHIP
Chapter 1
ADVANTAGES OF ENTREPRENEURSHIP
Entrepreneurs are their own bosses.
Entrepreneurs can choose a business that interests them.
Entrepreneurs can be creative.
Entrepreneurs can make lots of money.

16. DISADVANTAGES OF ENTREPRENEURSHIP
Chapter 1
DISADVANTAGES OF ENTREPRENEURSHIP
Entrepreneurship is risky.
Entrepreneurs face uncertain and irregular incomes.
Entrepreneurs work long hours.
Entrepreneurs must make all decisions by themselves.

17. Lesson 1.3 IDENTIFY BUSINESS OPPORTUNITIES AND SET GOALS
Chapter 1
Lesson 1.3 IDENTIFY BUSINESS OPPORTUNITIES AND SET GOALS
GOALS
Recognize different businesses you could start.
Identify your own personal goals.

18. INVESTIGATE OPPORTUNITIES
Chapter 1
INVESTIGATE OPPORTUNITIES
Library
Small Business Administration
Trade shows

19. COMPARE DIFFERENT OPPORTUNITIES
Chapter 1
COMPARE DIFFERENT OPPORTUNITIES
Is 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?

20. Chapter 1
SETTING GOALS
Financial goals
Nonfinancial goals