Chapter 1 presentation 1
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This document defines entrepreneurship and compares entrepreneurs to employees. Entrepreneurs create and run their own businesses, taking on risk but gaining rewards. They invest money, time, and energy into their businesses. Employees work for a business owned by someone else and have less risk but must perform tasks requested by entrepreneurs or managers. The document also notes that small businesses, defined as having 100 or fewer employees, employ over half of the US 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.