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Entrepreneurship & Business Mgt. Mentor What is a mentor? Why is it important to have one as a...
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Transcript of Entrepreneurship & Business Mgt. Mentor What is a mentor? Why is it important to have one as a...
![Page 1: 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.](https://reader035.fdocuments.in/reader035/viewer/2022070407/56649e115503460f94afd04a/html5/thumbnails/1.jpg)
Entrepreneurship & Business Mgt.
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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?
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Entrepreneur
What is an entrepreneur? Personal characteristics of an
entrepreneur Personally know any? What do they
do? Family members who operate own
business?
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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)
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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
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Customer Experience
One word to describe the “customer experience” at
Apple store Disney World Cold Stone Somewhere else?
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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?
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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
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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?
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Business Ownership
Advantages of entrepreneurship Disadvantages of entrepreneurship
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Additionally
Besides desire and personal characteristics, entrepreneurs need to be skilled in the basic areas of communication, math, and problem solving.
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Don’t bring your pet to baseball games
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Lastly
Do you have to be born with the “entrepreneurial gene” or can you acquire the skills to be entrepreneurial?
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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?
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Approximate populations from US Census
Alabama – 4.5 million Kentucky – 4.2 million Maine – 1.3 million Hawaii – 1.2 million Alaska – 680,000