1. Entrepreneurship

2. Enterprise
 Concerns invention, creation and
innovation
 If a person has “enterprise” or is
described as “enterprising”, they are
likely to be inventive, creative, and/or
innovative.

3. To me being an Entrepreneur
means.......

4. Entrepreneur
 A person who has an
idea for a business,
develops the idea, and
organizes the
necessary resources to
see the idea through.

5. Entrepreneurs....
 Create and build business enterprises
 Establish or operate business, thereby
taking financial risk
 Are innovators, organizers, decision
makers and risk takers

6. Eight (8) Character Traits of an
Entrepreneur
 1. Persistent-Entrepreneurs work until a job is done. They
are determined to overcome problems and to pursue their
goals in order to make their business successful.
 2. Creative-Entrepreneurs are constantly looking for new
ways to solve problems.
 3. Responsible-An entrepreneur is accountable for
his/her actions and does what is required.
 4. Inquisitive-Entrepreneurs are curious about things that
may affect their business. They are not afraid to ask
questions or to conduct research in order to solve
problems.

7.  5. Goal-oriented-Entrepreneurs develop a plan of action
and must make decisions to help achieve that plan.
 6. Independent-Entrepreneurs want to make their own
decisions. They set their own schedules and are able to
work without supervision.
 7. Self-confident-Entrepreneurs believe in themselves.
 8. Risk-takers-Entrepreneurs look for challenging
opportunities. They are not afraid to take risks.

8. Skills needed by successful
Entrepreneurs
 Basic Business Skills
 Communication Skills
 Decision-Making Skills
 Human Relation Skills
 Math Skills
 Problem-Solving Skills
 Technical Skills

9. Entrepreneurship
 The creation and development of new business
enterprises
 Involved idea generation, organization and risk taking

10. Entrepreneurship may take many
forms.
 An update in an already established market for a
particular product/service.
 A totally new product/service
 A new process

11. Who is this?
Barbara Bradley Baekgaard and Pat Miller
Vera Bradley Handbags

12. Oprah
The Oprah Winfrey Show
O Magazine

13. Sean Combs
Bad Boy Records
Sean John clothing line

14.  Walt Disney-Disney
 Henry Ford-Founder of Ford Motor Company
 Ben Cohen and Jerry Greenfield-Ben & Jerry Ice Cream
 Debbi Fields-Mrs. Fields Cookies
 Coco Channel-Clothing and perfume designer
 Jerry Yang-Yahoo Founder
 Donald and Doris Fisher-Gab Inc. Stores
 Ray Kroc-Mcdonald's
 Pierre Omidyar-Ebay
 Dave Thomas-Wendy's
 Sam Walton-Walmart

15. Invention vs. Innovation
 Invention-a new product created by an
inventor
 Example
 Thomas Edison and the light bulb
 Alexander Graham Bell and the telephone
 Joseph Priestley and the eraser

16.  Innovation-the introduction of an invention into a
use that has economic value.
 Change how people use preexisting products.
 You probably innovate in some way almost every
day.