Business Administration- Entrepreneurs

Eliezer SantiagoMariel LeynesTrinidad ReyesNayelly SorianoJolanta Kosiorowska

EntrepreneurA person who starts a new business venture.People who have a talent for seeing

opportunities and the abilities to develop those opportunities into profit-making businesses.

Facts about EntrepreneursProvide approximately 75% of the net new

jobs added to the economy Represent 99.7% of all employers Employ 50.1% of the private work force Provide 40.9% of private sales in the country Account for 39.1% of jobs in high technology

sectors in 2001 Account for 52% of private sector output in

1999 Represent 97% of all US exporters

Internet EntrepreneursIndividuals who are familiar with the culture

and technology of the Internet and are able to apply their knowledge to sell products and services via the Internet.

Task and ResponsibilityKnowledge of business and management

principles involved in tactical planning, resource allocation, human resources coordination, and leadership technique.

Strong interest in coordinating data, resources, and people.

Capacity to negotiate with people and to get along with clients.

Orientation toward quality customer service.Being able to work more than 40 hours a week.

Median Salary/ Growth PotentialThe earnings of self-employed entrepreneurs

depend upon the relative success of their businesses. Some lose money year after year, while others go on to become billionaires.

Salaries can vary greatly due to company, location, industry, experience and benefits.

The average salary for entrepreneur jobs is $111,000.

Entrepreneur Salary SamplesCHILD CARE OWNERS FRANCHISE OWNERS$20,000 to $30,000

to$50,000+$25,000 to $87,000 to

$171,000+

Chief Executive

Officer(CEO)

Mean Hourly Wage:

•$72.77*

Mean Annual Wage:

•$151,370*

* As of May 2007

Necessary Skills to be a Successful Entrepreneur

Good interpersonal skillsBe very independentTake on different tasksBe open mindedBe able to multitaskBe able to lead

Experiences NeededCustomer assistance.College Degree, at least an Associates

Degree.Work experience in a place like the one you

would like to own one day, for knowledge on how to run it and things that can go wrong.

Need to be a leader and not afraid to speak up.

Very important to be confident from experience by working with others.

Entrepreneur’s Personality Types

SocialCreativeRisk Taker

Educational Backgrounds are based on:

The individual mindTo gain experienceHow much they want to be successfulWant more money by getting a Masters

DegreeSome believe more knowledge means more

money or profit.

Good kills and experience we as students can relate are :

Having some sort of source recognition  Have been working in the field, of what one

they we would like to own Studying in school and gaining knowledge

about the Business World Interpersonal skills are also grown through

experience working with people

We as candidates can be seen :With very much potentials  Very dedicated and willing to progress Having plenty of knowledge what to expect

and the challenges we can face through our decision of becoming an entrepreneur

Type of Internship and Career Related Skills

An internship that one would like to pursue in this field would be to inter in a company/business in where you assist the president or vice president of the company.

Some skills that you get out on an internship would be: Communication skillsListening skillsLeadership skillsCreative thinking skills

In this experience you’ll learn how to interact with colleagues. Most importantly you’ll get to observer the president or vise president of the company. Also you’ll learn how start your own company and all the

requirements needed to do so.

Organizations for Entrepreneurs The Entrepreneurs’

Organization (EO) is a global network of business owners, all of whom run companies that exceed US$1M in annual revenue. We engage leading entrepreneurs to learn and grow through executive education and other tools

CEO Club        www.ceoclubs.com       180 Varick Street        Penthouse        New York NY 10014        phone:212-633-0060        fax:212-633-0063

USASBE United states association for small business and entrepreneurship- is an organization of eclectic group of government officials, directors of small business development centers, and academics in fields like finance, marketing, management, and economics united by their common interest in entrepreneurship and small business.

Organizations for Entrepreneurs

Small Business Administration (SBA) The SBA is an independent agency that operates under the

authority Small Business Act of 1953.  Since this organization provides a broad varieties of

product and services, to become a member you possess: Desire and willingness to succeed. Able to complete and follow instructions given by

organizations. Some fees may apply.

    http://www.sba.gov/

Organizations for Entrepreneurs

Young Entrepreneur’s Association Non-profit educational organization for

entrepreneurs and business owners under age 40.To join you must possess the following:A) Be the founder, co-founder, owner or

controlling shareholder of a company B) Hold one of the above titles for a company that

grosses more than US$1 million annually Join before age 50      http://www.eonetwork.org/Pages/default.aspx

Organizations for Entrepreneurs

The Small Business Development Center at LaGuardia

Education. Entrepreneurship. Economic Development.To join in you’ll need to comply with the following:a)A non-refundable registration fee of $12 is required for all

courses except the intensive English as a Second Language program, for which a $25 registration fee is required.

b)LaGuardia Community College alumni, faculty and staff, and senior citizens recipients may receive discounts for courses on a space available basis.

c)Open to all applicants.http://www.nyssbdc.org/centers/centers.cfm?centid=95

Interviews#1 Amriamny De la Cruz #2 Noemi Pagan

Background:Has a Deli & Grocery

store located at 2407 Second Avenue, between 124 St and 123 St, New York NY 10035. 

Her business is a partnership.

Background:Has a Bakery business

located in Dorado Puerto Rico. 

Her business form is a sole proprietorship.

Interview #1:Amriamny De la Cruz

1. What are the advantages of your business?

Combined skills Combined knowledge Greater personal interest Higher income Ability to get better credit for loans Higher capital

Interview #1: Amriamny De la Cruz

2. What are the disadvantages of your business?

Business owners are responsible for all debts.

Management disagreements. What happens if a partner dies or

decides to quit. Frozen investments.

Interview #2: Noemi Pagan

1. What are the advantages of your business?

Easy to start upIt’s flexibleYou are your own bossAll earnings are yoursThere are no special taxes

Interview #2: Noemi Pagan

2. What are the disadvantages of your business?

You’re responsible for all debts.It’s hard to hire good prospective employees.Not easy to receive loans or capital.It’s difficult to do everything by yourself.The day you don’t work usually there’s no

income.

Career TrendsLong Term Market TrendsAccounting servicesLegal servicesDental servicesSpecialized Design Services Insurance BrokersPhysicians' OfficesMedical and Diagnostic LabsDepository Credit Intermediation

Career TrendsShort Term Career TrendsFood Restaurant ServicesTechnology ServicesSpecialized Design ServicesInternet-billions of dollars of goods sold

onlineOnline gaming.

Comparing PersonalitiesNatural Intelligence Test People/Interpersonal Intelligence -“the ability to work and relate effectively with others. To be aware of motivation, emotions and goals.” Careers Such as: Accounting Counselor Human Resource Specialist Occupational Therapist Politician Sales Representative Social Worker System Representative Teacher System Analyst

Dr. Phil Personality TestElizer Trinidad Mariel Jolanta Nayelly

48 41 42 42 49 The Lively Center of Attention -“Others see

you as fresh, lively, charming, amusing, practical, and always interesting; someone who’s constantly in the center of attention, but sufficient well-balanced not to let it go to their head. They also see you as kind, considerate, and understanding; someone who’ll always cheer them up and help up and help them out.”

Jung Typology Test

Jolanta ESFP- Extraverted Sensing Feeling Perceiving

Nayelly ENFJ- Extraverted Intuitive Feeling Judging

Mariel ENFJ- Extraverted Intuitive Feeling Judging

Trinidad ENFJ- Extraverted Intuitive Feeling Judging

Elizer ENFJ- Extraverted Intuitive Feeling

Why this field interest us?We all have similar characteristics, interests,

goals, and different ways that we envision life.

 We are leaders. We are aiming for success. We are hungry for knowledge and the

opportunity to succeed.

Why this field interest us? (Cont.)We want to enjoy the benefits of business

ownership that includes:IndependenceFlexibilityBeing your own bossAll earning are yoursHigher incomeYou are in command of your time, life, and

decisions.

Entrepreneur Video

http://youtube.com/watch?v=xyyYoaOIHk8

Sources used:Occupational Outlook Handbookhttp://www.simplyhired.com/a/salary/search/q-

entrepreneur http://www.bls.gov/oes/current/oes111011.htmhttp://www.worldwidelearn.com/online-education-guide/

business/entrepreneurship-major.htm