Benefits Of Entrepreneurship Education

  • 3,840 views
Uploaded on

general business entrepreneurship presentation shown on the first full day of class.

general business entrepreneurship presentation shown on the first full day of class.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
  • thank you
    Are you sure you want to
    Your message goes here
No Downloads

Views

Total Views
3,840
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
32
Comments
1
Likes
2

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. BENEFITS OF ENTREPRENEURSHIP EDUCATION
  • 2. List of Benefits:
    • Community Understanding
    • Business Management Skills
    • Orientation to Change
    • Understanding of Market Economy
    • Individual's Personal Growth
    • Expand Creative Thinking
    • Decision-Making Skills
    • Sense of Career Choices
    • Application of Technical Skills and Experiences
  • 3. ENTREPRENEURS ARE:
    • ACHIEVEMENT ORIENTED
    • HARD WORKING
    • NON-CONFORMIST
    • STRONG LEADER
    • TOUGH MINDED
    • SELF-CONFIDENT
    • RISK-TAKER
    • FLEXIBLE
    • GOAL-SETTER
    • ENTHUSIASTIC
    • OPTIMISTIC
    • RESOURCEFUL
    • INDEPENDENT
  • 4. Ask Yourself:
    • How Can You Become More Entrepreneurial?
  • 5. TYPES OF ENTREPRENEURS
    • Self-Employed
    • Team Builders
    • Inventors
    • Pattern Multipliers
    • Economy of Scale Operators
    • Acquirers
    • Speculators
    • Internal Entrepreneurs
  • 6. CREATIVITY
    • A way of thinking about everything
    • Openness to change
    • Willing to try new things
    • Persistence in seeking possibilities
    • Open to brainstorming ideas
    • Dedication to doing it better
    • Thinking about what you see and hear
    • DO YOU BEHAVE IN A CREATIVE WAY?
  • 7. PACE (Entrepreneurship Curriculum)
    • 1. Your Potential As An Entrepreneur
    • 2. Nature of Small Business
    • 3. Business Opportunities*
    • 4. Global Markets*
    • 5. The Business Plan
    • 6. Help for the Entrepreneur
    • 7. Types of Ownership
    • 8. Marketing Analysis
    • 9. Location
    • 10. Pricing Strategy*
    • 11. Financing the Business
    • 12. Legal Issues
    • 13. Business Management
    • 14. Human Resources
    • 15. Promotion
    • 16. Selling
    • 17. Record Keeping
    • 18. Financial Analysis
    • 19. Customer Credit
    • 20. Risk Management
    • 21. Operations*
  • 8. Owning A Business: RISK or OPPORTUNITY?
    • Only 1 in 7 of those businesses that "disappear" actually "fail"
    • Of those who actually failed,
    • 53% became owners of another business
    • 73.2% said they plan to start a business in the future
  • 9. WHAT ARE SOME OF THE REASONS BUSINESSES DISAPPEAR?
    • Sold the idea to another person or company
    • Retired and closed the doors
    • Found a better idea for a business
    • Invented a different type of product
    • Moved the business to another state or country
    • Preferred to work for someone else instead
    • Actually failed/went bankrupt
    • The market for this type of business disappeared or became too competitive
    • Owner died or became disabled
  • 10.
    • Remember......NOT ALL CHANGE MEANS FAILURE IF YOU MISS AN OPPORTUNITY... . . . IT MIGHT EVEN BE A BIGGER FAILURE
  • 11. ENTREPRENEURS BEHAVE DIFFERENTLY BECAUSE THEY ...
    • Risk their own money
    • Must find customers to survive
    • Organize their own work
    • Are vulnerable to economic change
    • Have income that varies with market success
    • Make all the final decisions
    • Need a wide range of management skills
    • Handle diverse activities at the same time
    • Depend on their own ability to market and sell
    • Work longer hours...at least at first
    • Are open to change as a necessity of existence
  • 12. KEY INGREDIENTS FOR ENTREPRENEURSHIP
    • * PERSONAL CHARACTERISTICS
    • * TECHNICAL KNOW-HOW
    • * MARKETABLE IDEA
    • * CONTACTS FOR ASSISTANCE
    • * FINANCIAL RESOURCES
    • * POTENTIAL CUSTOMERS
    • * SUPPORTIVE LIFESTYLE
    • * LEADERSHIP EXPERIENCE
    • * PERSONAL MOTIVATION
  • 13. APTITUDES ARE OPPORTUNITIES
    • What Are Your Strengths?
      • Verbal or non-verbal communications
      • Verbal comprehension
      • Logical thinking
      • Artistic activities
      • Mechanical thinking
      • Numerical activities
      • Clerical
      • Spatial
      • Physical
      • Organizational
      • Intellectual
    • How will your strengths help you find a business idea?
  • 14. HOPE. . . Helping Other People thru Enterprise
    • Services to other businesses
    • Entertainment
    • Marketing the products of others
    • Repair services
    • New inventions
    • Products representing the culture
    • Value added to raw materials
    • New technologies
    • Buying out a business
  • 15. The Business Plan
    • Part I . . . Description of the Business
    • Products/Services
    • Unique Competitive Advantages
    • Growth Opportunities
    • Goals and Objectives
    • Part II . . . Marketing Plan
    • Target Market/Current size and potentials
    • Industry characteristics and trends
    • Competitors
    • Marketing strategies
  • 16. The Business Plan
    • Part III . . . Production/Operations Plan
    • Suppliers
    • Regulations/licenses
    • Layout
    • Inventory controls
    • Equipment
    • Part IV . . . Management Plan
    • Legal Issues
    • Support Systems
    • Organizational Systems
    • Employee Management
  • 17. The Business Plan
    • Part V . . . Financial Plan
    • Estimated Income
    • Estimated Costs
    • Cash Flow Planning
    • Personal Financial Needs
    • Financing Options