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2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
2006 Hispanic Intitiative- Entrepreneurship
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2006 Hispanic Intitiative- Entrepreneurship

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This is a presentation I created for the 2006 Hispanic Initiative to teach middle school and high school students about the importance of business. Each day, I introduced the students to business new …

This is a presentation I created for the 2006 Hispanic Initiative to teach middle school and high school students about the importance of business. Each day, I introduced the students to business new topics, such as entrepreneurship, marketing, ethics, corporate social responsibility, and accounting/finance.

Published in: Economy & Finance, Business
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Transcript

  • 1. Entrepreneurship
  • 2. Entrepreneurship
    • Anyone know what this is or what an entrepreneur does?
  • 3. Entrepreneurship
    • Entrepreneurship
      • the process of identifying, developing, and bringing a vision to life. The vision may be an innovative idea, an opportunity, or simply a better way to do something. The end result of this process is the creation of a new venture, formed under conditions of risk and considerable uncertainty
    • Entrepreneur
      • A person who organizes, operates, and assumes the risk for a business venture.
  • 4. Spanish
    • Anyone know the Spanish translation of the following terms:
      • Entrepreneurship
      • Entrepreneur
  • 5. Spanish
    • Entrepreurship
      • espíritu emprendedor
    • Entrepreneur
      • empresario
  • 6. Joseph Schumpeter
    • Austrian economist who pioneered the category
    • 1950- an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation
    • First person to develop theories on entrepreneurship relating them to the field of economics
    • Entrepreneurs necessary for economic growth
  • 7. Becoming an Entrepreneur
    • Offer a product or service
      • Can be a totally new concept or merely improve an already existing one
      • Examples?
    • Assist a business that performs the latter
  • 8. Walt Disney
    • What makes this man an entrepreneur?
  • 9. Walt Disney
    • Started Disney Brothers’ Studio in about 1925
      • First office was based out of his uncle’s garage in Hollywood
      • Started making cartoon film “shorts”
      • Evolved into full-length cartoon films
      • Branched into producing live-action films
      • 1955- Mickey Mouse Club- jumping into TV
      • 1966- Began planning for Disney World
  • 10. Walt Disney
    • His achievements have led to:
      • EPCOT Center
      • The Magic Kingdom
      • Countless other parks in Florida, California, and Across the World
      • The Disney Channel
      • Toon Disney
  • 11. Sam Walton
    • What makes this man an entrepreneur?
  • 12. Sam Walton
    • Started the first true Wal-Mart in Rogers, Arkansas in 1962
    • Today, Wal-Mart is the world’s largest retailer and employs 1.5 million people worldwide
  • 13. Other Entrepreneurs
    • Oprah Winfrey
    • Steve Jobs
    • Jim Henson
    • Ray Kroc
    • Donald Trump
    • Benjamin Franklin
    • Martha Stewart
    • Coco Chanel
    • George Forman
    • Jenny Craig
    • Henry Ford
    • Michael Dell
  • 14. More Entrepreneurs
    • Bill Gates
    • Rupert Murdoch
    • Estee Lauder
    • Mary-Kate & Ashley Olson
    • Ted Turner
    • PT Barnum
    • Milton Hershey
    • JW Marriott
    • Eli Whitney
    • John Deere
    • Alexander Graham Bell
  • 15. Entrepreneurs
    • Can you name some entrepreneurs?
  • 16. Market Opportunity
    • First and foremost, there must be a demand for the product or service
      • How useful is it? Is it desired or needed?
      • Must offer something that people are willing to spend their hard-earned money on
    • Name some products that are desired
    • Name some products that are not desired
    • Demand, desire, and need all translate into profitabilty
      • Without profitability, there is no product and no company
  • 17. Getting Started
    • You must first must obtain the funding necessary in order to become entrepreneurs
    • Venture capital allows you to start the business or develop the product
      • Venture capitalists (those who fund entrepreneurs) give their money in return for any or all of the following:
        • Share in profits- indicates some level of ownership
        • Share in management- indicates some level of ownership
        • Percentage of sales
        • Repayment with interest (lenders)
  • 18. What’s Required
    • Risk- putting your life, money, reputation, and time on the line
      • Literally, success or failure can make or break you
      • Due to the uncertainty of many circumstances aside from your own personal management (variables)
        • Name some variables
  • 19. Characteristics of an Entrepreneur
    • Can you name some characteristics that an entrepreneur must possess?
  • 20. Building for the Future
    • You will become the entrepreneur
      • Holy Hot Sauce
    • Tomorrow we will go over how an entrepreneur markets their product
      • Will begin developing a marketing concept for your Holy Hot Sauce product
  • 21. Review
    • What’s an entrepreneur?
    • What’s the Spanish word for entrepreneurship, entrepreneur?
    • Who pioneered the concept of entrepreneurship?
    • What must you identify before developing a product or service? What’s the goal of becoming an entrepreneur?
    • What do we call someone who funds an entrepreneur?
    • What’s one major downfall to becoming an entrepreneur?

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