Submit Search
Upload
ch06.ppt How to start business and grow your capital
•
Download as PPT, PDF
•
0 likes
•
15 views
B
BEDER4
Follow
Good for those who are interesting business
Read less
Read more
Education
Report
Share
Report
Share
1 of 36
Download now
Recommended
Chapter 06 Managing Small Business Start-Ups
Chapter 06 Managing Small Business Start-Ups
Rayman Soe
Chapter 1
Chapter 1
doray doray
ch01 (4).pptx
ch01 (4).pptx
SajjadIrshad170
MBA Entrepreneurship ppt.pptx
MBA Entrepreneurship ppt.pptx
TheDarkTeam
Entrepreneurship-PPT.ppt
Entrepreneurship-PPT.ppt
BhaveshJasani2
Entrepreneurship-PPT.pptx
Entrepreneurship-PPT.pptx
Ronald Aranha
Entrepreneurship
Entrepreneurship
MUHAMMAD WAQAS CFC,MBA
Entrepreneurship (1)
Entrepreneurship (1)
Vikas Jagtap
Recommended
Chapter 06 Managing Small Business Start-Ups
Chapter 06 Managing Small Business Start-Ups
Rayman Soe
Chapter 1
Chapter 1
doray doray
ch01 (4).pptx
ch01 (4).pptx
SajjadIrshad170
MBA Entrepreneurship ppt.pptx
MBA Entrepreneurship ppt.pptx
TheDarkTeam
Entrepreneurship-PPT.ppt
Entrepreneurship-PPT.ppt
BhaveshJasani2
Entrepreneurship-PPT.pptx
Entrepreneurship-PPT.pptx
Ronald Aranha
Entrepreneurship
Entrepreneurship
MUHAMMAD WAQAS CFC,MBA
Entrepreneurship (1)
Entrepreneurship (1)
Vikas Jagtap
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
Deborah Oronzio
entrepreneurship.ppthybhghsujsisjjshsjsj
entrepreneurship.ppthybhghsujsisjjshsjsj
lyasimo86
Entrepreneurship
Entrepreneurship
yoyosingla
CH03 Enterprise, Business Growth and Size.pptx
CH03 Enterprise, Business Growth and Size.pptx
AbdiFitaahMahamed
Entrepreneurship
Entrepreneurship
narmada alaparthi
Entrepreneurship
Entrepreneurship
narmada alaparthi
Entrepreneurship
Entrepreneurship
afrosef
Chapter 6 PowerPoint.pptx
Chapter 6 PowerPoint.pptx
TimAshton11
BA350 Katz esb 6e_chap001_ppt
BA350 Katz esb 6e_chap001_ppt
BealCollegeOnline
Entrepreneurship by Mohib Haroon Momand
Entrepreneurship by Mohib Haroon Momand
Mohib Haroon Momand
Enterpreneurship
Enterpreneurship
University of Johannesburg
barringer_ent6_01.pptx
barringer_ent6_01.pptx
AelieyaShahiraAyub
Ch06 Introduction to management
Ch06 Introduction to management
Asameno Sime
Managing Small Business Start-Ups
Managing Small Business Start-Ups
mandalina landy
Starting a business in the Philippines
Starting a business in the Philippines
Maricar Hiedi Baynas-Landero
Management & Entrepreneurship.ppt
Management & Entrepreneurship.ppt
LawalBelloDanchadi
Lec-3+4 Business Organization & Soleproperitorship.pptx
Lec-3+4 Business Organization & Soleproperitorship.pptx
NimraIqbal28
Start up
Start up
Indian Institute of Management, Lucknow
ch03_BE7e_Instructor_PowerPoint.ppt
ch03_BE7e_Instructor_PowerPoint.ppt
FaisalRafique27
ch03_BE7e_Instructor HRM 3PowerPoint.ppt
ch03_BE7e_Instructor HRM 3PowerPoint.ppt
MuhammadAdeel321
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
socialsciencegdgrohi
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
JhengPantaleon
More Related Content
Similar to ch06.ppt How to start business and grow your capital
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
Deborah Oronzio
entrepreneurship.ppthybhghsujsisjjshsjsj
entrepreneurship.ppthybhghsujsisjjshsjsj
lyasimo86
Entrepreneurship
Entrepreneurship
yoyosingla
CH03 Enterprise, Business Growth and Size.pptx
CH03 Enterprise, Business Growth and Size.pptx
AbdiFitaahMahamed
Entrepreneurship
Entrepreneurship
narmada alaparthi
Entrepreneurship
Entrepreneurship
narmada alaparthi
Entrepreneurship
Entrepreneurship
afrosef
Chapter 6 PowerPoint.pptx
Chapter 6 PowerPoint.pptx
TimAshton11
BA350 Katz esb 6e_chap001_ppt
BA350 Katz esb 6e_chap001_ppt
BealCollegeOnline
Entrepreneurship by Mohib Haroon Momand
Entrepreneurship by Mohib Haroon Momand
Mohib Haroon Momand
Enterpreneurship
Enterpreneurship
University of Johannesburg
barringer_ent6_01.pptx
barringer_ent6_01.pptx
AelieyaShahiraAyub
Ch06 Introduction to management
Ch06 Introduction to management
Asameno Sime
Managing Small Business Start-Ups
Managing Small Business Start-Ups
mandalina landy
Starting a business in the Philippines
Starting a business in the Philippines
Maricar Hiedi Baynas-Landero
Management & Entrepreneurship.ppt
Management & Entrepreneurship.ppt
LawalBelloDanchadi
Lec-3+4 Business Organization & Soleproperitorship.pptx
Lec-3+4 Business Organization & Soleproperitorship.pptx
NimraIqbal28
Start up
Start up
Indian Institute of Management, Lucknow
ch03_BE7e_Instructor_PowerPoint.ppt
ch03_BE7e_Instructor_PowerPoint.ppt
FaisalRafique27
ch03_BE7e_Instructor HRM 3PowerPoint.ppt
ch03_BE7e_Instructor HRM 3PowerPoint.ppt
MuhammadAdeel321
Similar to ch06.ppt How to start business and grow your capital
(20)
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
entrepreneurship.ppthybhghsujsisjjshsjsj
entrepreneurship.ppthybhghsujsisjjshsjsj
Entrepreneurship
Entrepreneurship
CH03 Enterprise, Business Growth and Size.pptx
CH03 Enterprise, Business Growth and Size.pptx
Entrepreneurship
Entrepreneurship
Entrepreneurship
Entrepreneurship
Entrepreneurship
Entrepreneurship
Chapter 6 PowerPoint.pptx
Chapter 6 PowerPoint.pptx
BA350 Katz esb 6e_chap001_ppt
BA350 Katz esb 6e_chap001_ppt
Entrepreneurship by Mohib Haroon Momand
Entrepreneurship by Mohib Haroon Momand
Enterpreneurship
Enterpreneurship
barringer_ent6_01.pptx
barringer_ent6_01.pptx
Ch06 Introduction to management
Ch06 Introduction to management
Managing Small Business Start-Ups
Managing Small Business Start-Ups
Starting a business in the Philippines
Starting a business in the Philippines
Management & Entrepreneurship.ppt
Management & Entrepreneurship.ppt
Lec-3+4 Business Organization & Soleproperitorship.pptx
Lec-3+4 Business Organization & Soleproperitorship.pptx
Start up
Start up
ch03_BE7e_Instructor_PowerPoint.ppt
ch03_BE7e_Instructor_PowerPoint.ppt
ch03_BE7e_Instructor HRM 3PowerPoint.ppt
ch03_BE7e_Instructor HRM 3PowerPoint.ppt
Recently uploaded
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
socialsciencegdgrohi
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
JhengPantaleon
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptx
thorishapillay1
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
UnboundStockton
Class 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdf
akmcokerachita
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Sapana Sha
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
NirmalaLoungPoorunde1
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
9953056974 Low Rate Call Girls In Saket, Delhi NCR
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
Marc Dusseiller Dusjagr
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
iammrhaywood
Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17
Celine George
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
Sarwono Sutikno, Dr.Eng.,CISA,CISSP,CISM,CSX-F
Blooming Together_ Growing a Community Garden Worksheet.docx
Blooming Together_ Growing a Community Garden Worksheet.docx
UnboundStockton
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
SafetyChain Software
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
manuelaromero2013
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its Characteristics
KarinaGenton
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Sumit Tiwari
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
anshu789521
internship ppt on smartinternz platform as salesforce developer
internship ppt on smartinternz platform as salesforce developer
unnathinaik
Recently uploaded
(20)
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptx
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
Class 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdf
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
Blooming Together_ Growing a Community Garden Worksheet.docx
Blooming Together_ Growing a Community Garden Worksheet.docx
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its Characteristics
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
internship ppt on smartinternz platform as salesforce developer
internship ppt on smartinternz platform as salesforce developer
ch06.ppt How to start business and grow your capital
1.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. Part 2 Starting and Growing Your Business
2.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. Chapter 6 Starting Your Own Business: The Entrepreneurship Alternative
3.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-3 Chapter Objectives 1. Define the term entrepreneur and distinguish among entrepreneurs, small-business owners, and managers. 2. Identify three different types of entrepreneurs. 3. Explain why people choose to become entrepreneurs. 4. Discuss conditions that encourage opportunities for entrepreneurs. 5. Describe the role of entrepreneurs in the economy. 6. Identify personality traits that typically characterize successful entrepreneurs. 7. Summarize the process of starting a new venture. 8. Explain how organizations promote intrapreneurship.
4.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-4 Chapter Overview People are increasingly choosing the path of entrepreneurship To become an entrepreneur, learn as much as possible by: Completing academic programs Gaining practical experience working Reading newspaper and magazine articles and biographies of successful entrepreneurs
5.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-5 What Is An Entrepreneur? A person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Websites Entrepreneurial Leadership Entrepreneur EntreWorld
6.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-6 Categories of Entrepreneurs
7.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-7 Categories of Entrepreneurs Classic entrepreneurs—person who identifies a business opportunity and allocates available resources to tap that market.
8.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-8 Categories of Entrepreneurs Intrapreneur—entrepreneurially oriented person who develops innovations within the context of a large organization. Change Agent—manager who tries to revitalize an established firm to keep it competitive.
9.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-9 Why People Become Entrepreneurs
10.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-10 U.S. Adults Currently Engaged in Starting a Business
11.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-11 Reasons to Choose Entrepreneurship as a Career Path Desire to Be Your Own Boss Self-management is the motivation of many entrepreneurs Financial Success Entrepreneurs: Are wealth creators Believe they won’t get rich working for others Path to riches can be long and uncertain
12.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-12 Reasons to Choose Entrepreneurship as a Career Path Job Security Many workers lack job security Growing percentage of Americans create their own by starting their own firms Quality of Life Gives the founder some choice over when, where, and how to work Many work extraordinarily long hours . . . often at the whim of their customers
13.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-13 Factors Supporting and Expanding Opportunities for Entrepreneurs
14.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-14 The Environment for Entrepreneurs Globalization Creates many opportunities for entrepreneurs Allows products to be sold overseas Provides international talent pool
15.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-15 The Environment for Entrepreneurs Education Tremendous growth in educational opportunity for would-be entrepreneurs via: College Classes Business schools helping students start businesses Other organizations like the Center for Entrepreneurial Leadership
16.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-16 The Environment for Entrepreneurs Information Technology Provided a big boost for entrepreneurs Helps entrepreneurs work quickly and efficiently, provide attentive customer service, increase sales, and project a professional image Has created demand for new products Internet is also a challenge for entrepreneurs Customers can go online, quickly get needed information, and buy from anywhere in the world
17.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-17 The Environment for Entrepreneurs Demographic and Economic Trends Demographic trends create opportunities for new goods and services
18.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-18 The Environment for Entrepreneurs Entrepreneurship around the World Growth of entrepreneurship is a worldwide phenomenon Level of entrepreneurship varies considerably even among industrialized nations
19.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-19 Levels of Entrepreneurial Activity in 10 Countries
20.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-20 Influence of Entrepreneurs on the Economy American entrepreneurs have given the world goods and services that have changed the way people live, work, and play Products include: Ball-point pens Netscape Navigator software Fiberglass skis Velcro fasteners FedEx delivery service MacDonald's
21.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-21 Influence of Entrepreneurs on the Economy Influence of Entrepreneurs on the Economy
22.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-22 Influence of Entrepreneurs on the Economy Innovation Entrepreneurs: Create new products Build new industries Bring new life to old industries Since WWII, behind: 2/3rds of Inventions 95% of major innovations
23.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-23 Influence of Entrepreneurs on the Economy Job Generation Vital source of new jobs Typically hire small numbers of employees per firm . . . spread over many companies See potential employees where established firms overlook them Gazelles
24.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-24 Influence of Entrepreneurs on the Economy Diversity Entrepreneurship offers excellent economic opportunities for women and minorities
25.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-25 Characteristics of Entrepreneurs
26.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-26 Characteristics of Entrepreneurs Vision Have an overall idea for how to make a business inspiration a success High Energy Level Willingly work hard to realize their visions Need to Achieve Need to work hard because they want to excel
27.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-27 Characteristics of Entrepreneurs Self-Confidence and Optimism Believe in ability to succeed, and they instill their optimism in others Tolerance for Failure Entrepreneurs view setbacks and failures as learning experiences Not easily discouraged or disappointed when things don’t go as planned
28.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-28 Characteristics of Entrepreneurs Creativity Entrepreneurs typically conceive new ideas for goods and services Devise innovative ways to overcome difficult problems and situations Tolerance for Ambiguity Take the uncertainties associated with launching a venture in stride
29.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-29 Characteristics of Entrepreneurs Internal Locus of Control Believe that they control their own fates Take personal responsibility for the success or failure of their actions rather than believing in luck or fate
30.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-30 Starting a New Venture Selecting a Business Idea Finding something you love to do and are good at doing Determining whether your idea can satisfy a need in the market Success also depends on your offering being appealing to the marketplace
31.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-31 Starting a New Venture Buying an Existing Business Some prefer not to assume the risks of starting a new firm Buying a Franchise Another less risky way to begin a business
32.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-32 Starting a New Venture Creating a Business Plan Online Resources for Preparing a Business Plan
33.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-33 Starting a New Venture Finding Financing Seed Capital—initial funding needed to launch a new venture. Debt Financing—borrowed funds that entrepreneurs must repay.
34.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-34 Starting a New Venture Finding Financing Equity Financing—funds invested in new ventures in exchange for part ownership. Venture Capitalists—business firm or group of individuals who invest in new and growing firms.
35.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-35 Starting a New Venture Finding Financing Angel Investors—wealthy individuals who invest directly in a new venture in exchange for an equity stake.
36.
Copyright © 2005
by South-Western, a division of Thomson Learning, Inc. All rights reserved. 6-36 Intrapreneurship Intrapreneurship—process of promoting innovations within the structure of an existing organization. Helps retain employees who might otherwise leave to start their own businesses Intrapreneurship practiced in: 3M (e.g. skunkworks) Thermo Electron Xerox Intuit
Download now