ENTREPRENEURSHIP INTRODUCTION TO BUSINESS MARKETING ENTREPRENEURSHIP We will

ENTREPRENEURSHIP INTRODUCTION TO BUSINESS & MARKETING

ENTREPRENEURSHIP We will… § Define entrepreneurship. § Compare advantages and disadvantages of starting a business. § Identify character traits of successful entrepreneurs. Essential Questions § What is an entrepreneur? § What are the risks involved with starting a business? § Why would someone take on the risk of business ownership?

WHAT IS ENTREPRENEURSHIP? § Entrepreneurship is the process of starting and managing a business. § An entrepreneur is someone who attempts to make a profit by taking the risk of owning & operating their own business.

THINK ABOUT IT üList three famous entrepreneurs and the name of the business s/he started. üList at least two entrepreneurs you know personally. Name or describe their businesses. üWhat is one reason you think these people decided to go into business for themselves?

ENTREPRENEURSHIP ADVANTAGES DISADVANTAGES § Personal freedom § Risk & potential for loss § Personal satisfaction § Long, irregular hours § Potential for increased Income § Need for daily discipline

WHAT PERSONALITY TRAITS, QUALITIES OR SKILLS ARE NEEDED IN ORDER TO BECOME A SUCCESSFUL ENTREPRENEUR? THINK ABOUT IT!

CHARACTERISTICS OF ENTREPRENEURS § Adaptable § Ambitious § Decisive § Enjoys challenges § Goal setter § Hard working § Risk taker

ENTREPRENEURSHIP PROJECT • Create a Power Point presentation about your entrepreneur with the following information: Ø Slide #1 – Name of entrepreneur w/photo Ø Slide #2 – Biography: v Birthdate v Education v Family/Background Ø Slide #3 – Businesses/successes/claims to fame Ø Slide #4 - Other fun facts/information Ø Slide #5 - Quote from the entrepreneur

Oprah Winfrey

Biography • Oprah Gail Winfrey • Born January 29, 1954 in Miss. • Born into poverty to teenage single mother • Tennessee State University, 1986 • Speech & Performing Arts major • Job in radio while still in high school

Businesses/Successes • First African-American TV anchor in Nashville (age 19) • Hosted “The Oprah Winfrey Show” (started in 1984) • Created The Oprah Winfrey Foundation o Support the education and empowerment of women, children and families in U. S. and around the world • Chairwoman and CEO of Harpo Productions

Other Facts/Information • First African-American woman billionaire • Called “arguably the world's most powerful woman" by CNN • Author, actress, producer • Owns homes/property in CA, NJ, FL, CO, HI and Chicago

Quote American Academy of Achievement