All About Entrepreneurship

Do you have what it takes?

Goals

Define entrepreneurship.Recognize the role entrepreneurs play in

the U.S. economy.Examine the reasons that businesses

succeed or fail.

What is an Entrepreneur?

entrepreneurs◦people who own, operate, and take the risk of a

business ventureentrepreneurship

◦running a business of one’s own

What is an Entrepreneur?

Entrepreneurs identify unmet needs in the marketplace. They provide a service or product to meet those

needs.

Employees

people who work for someone elseare subjected to neither the risks nor

benefits of business ownership

Reasons for becoming an entrepreneur include:

the desire to set your own schedulethe need to work out of your homethe wish to pursue a personal dream

Types of Entrepreneurial Businesses

manufacturing wholesaling retailing service

Today’s Task

In MS Word, Create a document that answers the following questions:

1. Define the entrepreneur business that was assigned to you.

2. Find an example of that type of entrepreneur business.

a. Describe the business (what do they make, do, or service)?b. Who started the business?c. When was it started?d. Where is it’s headquarters?e. Provide a picture of the business’s logo