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Benefits Of Entrepreneurship Education
 

Benefits Of Entrepreneurship Education

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

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

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    Benefits Of Entrepreneurship Education Benefits Of Entrepreneurship Education Presentation Transcript

    • BENEFITS OF ENTREPRENEURSHIP EDUCATION
    • 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
    • ENTREPRENEURS ARE:
      • ACHIEVEMENT ORIENTED
      • HARD WORKING
      • NON-CONFORMIST
      • STRONG LEADER
      • TOUGH MINDED
      • SELF-CONFIDENT
      • RISK-TAKER
      • FLEXIBLE
      • GOAL-SETTER
      • ENTHUSIASTIC
      • OPTIMISTIC
      • RESOURCEFUL
      • INDEPENDENT
    • Ask Yourself:
      • How Can You Become More Entrepreneurial?
    • TYPES OF ENTREPRENEURS
      • Self-Employed
      • Team Builders
      • Inventors
      • Pattern Multipliers
      • Economy of Scale Operators
      • Acquirers
      • Speculators
      • Internal Entrepreneurs
    • 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?
    • 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*
    • 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
    • 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
      • Remember......NOT ALL CHANGE MEANS FAILURE IF YOU MISS AN OPPORTUNITY... . . . IT MIGHT EVEN BE A BIGGER FAILURE
    • 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
    • KEY INGREDIENTS FOR ENTREPRENEURSHIP
      • * PERSONAL CHARACTERISTICS
      • * TECHNICAL KNOW-HOW
      • * MARKETABLE IDEA
      • * CONTACTS FOR ASSISTANCE
      • * FINANCIAL RESOURCES
      • * POTENTIAL CUSTOMERS
      • * SUPPORTIVE LIFESTYLE
      • * LEADERSHIP EXPERIENCE
      • * PERSONAL MOTIVATION
    • 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?
    • 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
    • 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
    • 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
    • The Business Plan
      • Part V . . . Financial Plan
      • Estimated Income
      • Estimated Costs
      • Cash Flow Planning
      • Personal Financial Needs
      • Financing Options