Entrepreneurship & Business Mgt.
Mentor
What is a mentor? Why is it important to have one as a
teenager? Why would you think it would be
important to have one when starting a business or working for someone else?
Entrepreneur
What is an entrepreneur? Personal characteristics of an
entrepreneur Personally know any? What do they
do? Family members who operate own
business?
Terms to Know
Entrepreneur is a person who undertakes the organization and ownership of a business with the intent of making a profit.
Entrepreneurship is the process of getting into and operating your own business.
Niche is a suitable place for a venture. For example, specializing in something particular like “mobile dog grooming”. (typically focused)
LL Bean
Who’s been to L.L. Bean in Maine or another location?
Leon L. Bean’s initial experience taught him a valuable lesson:– Never sell a product without first testing it
extensively in the field
Customer Experience
One word to describe the “customer experience” at
Apple store Disney World Cold Stone Somewhere else?
Success..once again
“Successful people are _______” What salary do you think makes
someone successful? Are professional athletes successful?
– Do they have flexibility and control over their lives?
But why?
Why are people successful and what qualities do they have?
So what does it mean to be successful? Write down the names of 3 successful
people
Let’s look at your list
Who had Bill Gates? Why? Why do many associate success with
money? Did anyone have someone on their list
who was not wealthy?
Business Ownership
Advantages of entrepreneurship Disadvantages of entrepreneurship
Additionally
Besides desire and personal characteristics, entrepreneurs need to be skilled in the basic areas of communication, math, and problem solving.
Don’t bring your pet to baseball games
Lastly
Do you have to be born with the “entrepreneurial gene” or can you acquire the skills to be entrepreneurial?
Put on your thinking caps (and don’t look at your agenda book)
What state in the U.S. has the least number of residents?
Alaska, Alabama, Hawaii, Kentucky or Maine?
Approximate populations from US Census
Alabama – 4.5 million Kentucky – 4.2 million Maine – 1.3 million Hawaii – 1.2 million Alaska – 680,000
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