Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.

Chapter 5

575 Aufrufe

Veröffentlicht am

Veröffentlicht in: Business, News & Politik
  • Als Erste(r) kommentieren

  • Gehören Sie zu den Ersten, denen das gefällt!

Chapter 5

  1. 1. ENTREPRENEURSHIP Chapter 5
  2. 2. OBJECTIVES Describe an entrepreneurship and a small business.  List the advantages and disadvantages of entrepreneurship.  Recognize the advantages and disadvantages of a small business.  Explain why small businesses may fail. 
  3. 3. TEST Do you have what it takes to be an entrepreneur?  TEST 
  4. 4. ENTREPRENEUR    business started by someone who notices a need for a product or service Entrepreneurships and small businesses are the majority of business firms a person who: recognizes a business opportunity  organizes, manages, and assumes the risks of a business enterprise, with the intent of increasing the market value of the business. 
  5. 5. SUCCESSFUL ENTREPRENEURS Desire achievement  Are enthusiastic  Are determined  Recognize opportunities  Desire to earn profit  Take risks  Have self-confidence 
  6. 6. ENTREPRENEUR Advantages  Satisfaction from taking a risk and becoming a success  Show expertise and skills  Working from home  Gain profit Disadvantages  Total responsibility  Long hours  Financial risk  Most fail because they run out of money
  7. 7. SMALL BUSINESS ADMINISTRATION (SBA)  Site Defines small business as  Business where the owner is also the manager  Fewer than 500 employees  Employ 55 percent of workforce in US  Generate more than half the nation’s income - 54% of all US sales  Principal source of new jobs – since 1990 big business eliminated 4 million jobs, small businesses added 8 million new jobs.  Small business sector is growing rapidly. While corporate America has been "downsizing", the rate of small business "start-ups" has grown, and the rate for small business failures has declined.
  8. 8. SMALL BUSINESS Advantages  You’re the boss  Offer services larger companies can’t  Formation - easy
  9. 9. SMALL BUSINESS CON’T Disadvantages  Responsible for everything  Long hours and financial risk  Four out of five fail in first five years  Mistake freedom for the liberty of working or not.  Underprice/overprice goods or services  Little or no experience
  10. 10. SMALL BUSINESS MIGHT FAIL  Effect of change   Consumers’ taste change and they don’t Managerial skills Finance  Employee relations  Production  Customer relations   Inadequate financial planning      Starting with little money Spending carelessly Borrowing without thinking about paying back Taxes Insurance
  11. 11. BUSINESS PLAN Written description of business venture describing all aspects of business.  Parts          Summary Company description Market analysis Management and operating plan Products and services Marketing plan Funding request Financial plan
  12. 12. QUESTIONS THAT SHOULD BE ANSWERED IN BUSINESS PLAN What will I produce?  Who are my main competitors?  Why is my product needed?  How much will my product cost to produce?   Overhead How many people will I need to run the business?  What physical facilities will I need?  What licenses, permits or other legal documents do I need?  How much money will I need to get started? 
  13. 13. QUIZ Give me an example of an entrepreneur.  What is an advantage of being a small business owner?  What is a disadvantage of being a small business owner?  What might be one reason a small business fails? Explain! 