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Section 1.1 – What is
Entrepreneurship?


A business is an organization that provides
products or services, usually to make
money.



A person who works in a business owned by
someone else is an employee.



Someone who creates and runs their own
business is called an Entrepreneur.


To be entrepreneurial means to think or
act like an entrepreneur.


Entrepreneurs
When an entrepreneur
begins a business risk is
involved.






The investment that is
made by an
entrepreneur is money,
time, energy.



“Nothing ventured,
nothing gained”

Employees
Less risk than being an
entrepreneur.
Required to perform
tasks that the
entrepreneur, or
manager requests.


When people think of business they often focus
on large companies like Ford, Microsoft, and
Nike.



More businesses are considered small than
large.



Small Businesses = 100 employees or fewer
(less than 500 in the case of manufacturing
businesses)


Employ over half of the United States private
workforce and create about 64% of new jobs.


When people think of business they often focus
on large companies like Ford, Microsoft, and
Nike.



More businesses are considered small than
large.



Small Businesses = 100 employees or fewer
(less than 500 in the case of manufacturing
businesses)


Employ over half of the United States private
workforce and create about 64% of new jobs.

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Chapter 1 presentation 1

  • 1. Section 1.1 – What is Entrepreneurship?
  • 2.  A business is an organization that provides products or services, usually to make money.  A person who works in a business owned by someone else is an employee.  Someone who creates and runs their own business is called an Entrepreneur.
  • 3.  To be entrepreneurial means to think or act like an entrepreneur.
  • 4.  Entrepreneurs When an entrepreneur begins a business risk is involved.    The investment that is made by an entrepreneur is money, time, energy.  “Nothing ventured, nothing gained” Employees Less risk than being an entrepreneur. Required to perform tasks that the entrepreneur, or manager requests.
  • 5.  When people think of business they often focus on large companies like Ford, Microsoft, and Nike.  More businesses are considered small than large.  Small Businesses = 100 employees or fewer (less than 500 in the case of manufacturing businesses)  Employ over half of the United States private workforce and create about 64% of new jobs.
  • 6.  When people think of business they often focus on large companies like Ford, Microsoft, and Nike.  More businesses are considered small than large.  Small Businesses = 100 employees or fewer (less than 500 in the case of manufacturing businesses)  Employ over half of the United States private workforce and create about 64% of new jobs.