1.2 Entrepreneurship

1.2 Entrepreneurship - a product or service they believe in...

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Entrepreneurship 1.2
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What is an Entrepreneur? People who launch and run their own businesses At first, they must perform many of the basic management functions Estee Lauder , Kellogg , General Electric , Microsoft , Dell , Land’s End All started by entrepreneurs!
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What is an Entrepreneur? A lot of risk! Can lose all the money invested in their company Can be more rewarding than working for a company High reward!
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What is an Entrepreneur? Tend to me more independent May have less formal education Some jump from job to job before starting their own business
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What is an Entrepreneur? Start with an idea for creating or modifying
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Unformatted text preview: a product or service they believe in Like being their own boss! Tremendous satisfaction in their work Must work long hours and make decisions about every aspect of a business Without entrepreneurs, there would be no new businesses and fewer exciting innovations in business and industry What is an Entrepreneur? Types of ownership Sole proprietorship: people who run their businesses single handedly Medicine, dentistry, accounting Partnership: one or more partners supply the money and runs the business Corporation: avoid being held personally liable for financial losses...
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1.2 Entrepreneurship - a product or service they believe in...

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