Entrepreneurship

1
Entrepreneurship

• Business Management Chapter 1.2
• Glencoe Business Management

2
Name the Company

1. Michael Dell
2. Sam Walton
3. Steve Jobs
4. Tom Anderson
5. Philip Knight
6. Wally Amos
7. Henry Ford

1. Rose Blumkin
2. Mark Cuban
3. Russell Simmons
4. Dave Thomas
5. Bill Gates
6. Ray Kroc
7. Walt Disney

3
Entrepreneurship

• Entrepreneur One who organizes, manages, and
  assumes the risks of starting a business
• Reasons for increase in small businesses
• Government Encouragement
• Easy to Start
• Lower Capital
• Control Your Own Fate

4
Ownership

• Obligations
• Financial
• Time Commitment
• Community

• Risks
• Economy
• Disaster
• Fraud
• Inexperience
• Poor Strategy

5
Franchises

• Franchise legal agreement between a parent
  company and distributor to sell a product
• Franchiser parent company
• Franchisee distributor of the product or
  service
• Examples Budget Rent-a-Car, Dennys, Goodyear,
  Howard Johnson, Orange Julius, Pizza Hut, Sbarro,
  Inc., TCBY, Wendys

6
Assignment

• Choose an entrepreneur, research his/her history,
  and enter the information into the PowerPoint
  template provided