clifford-bryant
Uploaded by
9 SLIDES
221 VUES
90LIKES

Exploring Small Business and Entrepreneurship: Benefits, Structures, and Steps to Success

DESCRIPTION

Small businesses are vital for job creation, innovation, and economic growth, accounting for 55% of modern products and services. They provide opportunities for minorities and women, allow individuals to pursue their dreams, and contribute significantly to local communities. Understanding different business structures, the advantages and disadvantages of entrepreneurship, and essential entrepreneurial traits can equip aspiring business owners. This overview highlights the importance of small businesses, the entrepreneurial journey, and actionable steps to help aspiring entrepreneurs succeed.

1 / 9

Télécharger la présentation

Exploring Small Business and Entrepreneurship: Benefits, Structures, and Steps to Success

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 4.02 Small Business and Entrepreneurship

  2. Bell Ringer What are you looking forward to doing during break?

  3. Importance of Small Business • “For the land of the Free, and the home of the Brave” • National Anthem

  4. What are the benefits of having a small business? • Creates new jobs • Recycles old structures • Opportunities for minorities and women • Provides new products and services • Allows one to peruse their dreams of becoming successful • Accounts for 55% of the innovative products and services we use today

  5. Types of Small Business Structure • Sole Proprietorship • Partnership • Corporation • Charter • Stock holders • Board of Directors • Limited liability • Franchise

  6. Entrepreneurship Advantages • Autonomy/Empowerment • having the right to make one's own choices and having the ability to act on them • Job satisfaction • Getting to do what you love to do. • Income potential

  7. Entrepreneurship Disadvantages • Liability • Tort • Any action or inaction that wrongs, damages, or injures another, and thus forms the basis of a civil lawsuit. • Financial • Work long hours • Work at least 60 hours a week • Business may not prosper • Business may fail and you may end up broke!

  8. Entrepreneurial Traits • Initiative • Leadership qualities • Dependability • Trustworthiness • Organizational skills • Dedication/perseverance • Decision making/problem solving skills • Risk taker • Foresight • Judgment/reasoning • Communication skills • Innovative • Most individuals have the personality to be an entrepreneur

  9. 1. Vision Be innovative (Creative) 2. Research Collect as much information as possible about the business opportunity 3. Planning Make sure you have you business plan in order 4. Acting Talk is cheap!! Act on your dreams 4 steps to becoming an entrepreneur

More Related