Entrepreneurs Definitions l Entrepreneurs people who own operate
- Slides: 9
Entrepreneurs
Definitions l Entrepreneurs- people who own, operate, and take the risk of a business venture l Entrepreneurship- The process of running a business of one’s own l Employee- people who work for someone else
6 Types of Entrepreneurial Business l l Manufacturing- actually produce the products they sell Wholesaling- sell the products to people other than the final customer l Retailing- selling products to people l Service- sell services
6 Types of Entrepreneurial Businesses con’t l Agricultural- generate fresh produce & other farm products l Mining & extractingtake resources like coal out of the ground so they can be consumed
Small Business Employ fewer than 20 people!
Characteristics of successful Entrepreneurs l l l Independence Self-confident Determination & perseverance Goal-orientated The need to achieve & set high standards for themselves Are able to act quickly
Advantages of Entrepreneurship l They are their own boss l They can choose a business that interests them l They can be creative l They can make lots of money
Disadvantages of Entrepreneurship l Entrepreneurship is risky l Entrepreneurs face uncertain an irregular incomes l Entrepreneurs work long hours l Entrepreneurs must make all decisions by themselves
THINK CRITICALLY!! l Entrepreneurs can fail even if they are committed and have the characteristics needed to be successful. Why do you think this can happen? l Why is it important for entrepreneurs to choose a field that they will enjoy? l Do you think the advantages of entrepreneurship outweigh the disadvantages? Why or why not?
- People who own, operate, and take the risk of a business
- Entrepreneur conclusion
- What type of sae is when you own your own business
- That its own people
- Military that own people
- Dynamic of community
- Basic electrical tools and equipment
- E mosfet
- Non-governmental health agencies are funded primarily by
- Unit 5 international business m2