Entrepreneurs of Arkansas

1. Entrepreneurs of Arkansas Will you be an entrepreneur?

2. What is an entrepreneur? • See if you can define this term using the following words: • -person • -business • -risk • -profit • What is your definition?

3. CAN YOU THINK OF A MODERN DAY ENTREPRENEUR?

4. What is a business? • A business is an activity that someone works in to make money. • Can you think of the name of a business?

5. Entrepreneurs take Risks! • What is a risk? It is when someone takes a ……….chance! Have you ever taken a risk or chance? You think something will work, but you cannot tell until you do it!

6. an entrepreneur needs to Have the following: • a good plan based on research • desire to work hard • discipline to keep investing resources • ability to deal with failure (The business can be a success or sometimes it can fail.)

7. Philanthropy When entrepreneurs are very successful, most will become involved in philanthropy. Philanthropy is being actively involved in promoting human welfare by donating money, time or other resources.

8. It is time to meet some Arkansas entrepreneurs • Complete your foldable as you go through the following slides.

9. Delbert E. Allen, Sr. • Delbert Allen turned a small vegetable canning factory into one of the largest privately held vegetable canning facilities in the U.S.

10. Delbert E. Allen, Sr. Philanthropy • Mr. Allen helped to improve his community by encouraging education and improving the medical facilities.

11. Harvey Couch • Harvey Couch helped to modernize Arkansas. He brought electricity to the state on a large scale. Today the company he founded is known as Entergy.

12. Harvey Couch Philanthropy • Mr. Couch built two popular lakes in Arkansas, Lake Hamilton and Lake Catherine. He also helped business people survive during the Great Depression by serving on the Reconstruction Finance Corporation.

13. William T. Dillard, Sr. • William Dillard began with one store in Nashville, Arkansas, but when he retired he owned the third largest retail chain in the United States.

14. Barbara graves • Ms. Graves is founder of Barbara Graves Intimate Fashions in Little Rock, Arkansas. She was one of the first to offer mastectomy products to customers.

15. Barbara graves Philanthropy • Ms. Graves is an original supporter of the Komen Race for the Cure, has served on the Chamber of Commerce and the Board of Directors for the city of Little Rock.

16. Johnelle and J.B. Hunt • Johnelle and J.B. Hunt built a transportation and logistics company. It is one of the largest publicalyheld truckload carriers in the U.S.

17. Johnelle and J.B. Hunt Philanthropy • The Hunts supported many charities, (such as March of Dimes), education, (scholarship at the U of A) and arts organizations.

18. Jerry Jones • Jerry Jones is the owner of the Dallas Cowboy football team. He built a new stadium to “house” the team. He made his fortune in oil and gas.

19. Jerry jones Philanthropy • Two of the Jones family’s favorite charities are the Salvation Army (their Christmas kickoff begins at the Cowboy stadium) and the Boys and Girls Clubs.

20. Ernest Joshua • Ernest Joshua founded J. M. Products, one of the largest ethnic hair care products companies in the U.S. At one time his company was the largest African-American- owned company in Arkansas.

21. Ernest Joshua Philanthropy • The Joshua family is known for contributing to college scholarships, drug-free programs, academic -help programs and other community projects.

22. F. Sheridan Garrison • He organized American Freightways, which became the fourth largest less-than-truckload carrier in the country.

23. F. Sheridan Garrison Philanthropy • Mr. Garrison supported education and athletics. He donated money and land to build a modern football stadium for the Harrison public school district.

24. Dave Grundfest, Sr. • Dave Grundfest was the co-founder of the Sterling Stores in Arkansas and also founded the discount chain, MagicMart.

25. Dave Grundfest, Sr. Philanthropy • Mr. Grundfest was actively involved in the Chamber of Commerce, the YMCA and the Rotary Club. He also co-founded the Grundfest Foundation for the Education of Youth.

26. Frank Hickingbotham • Frank Hickingbotham founded TCBY. Under his direction the company grew to be one of the largest franchises in the world.

27. Frank Hickingbotham Philanthropy • The Hickingbotham family has been very supportive of education (funded a new business building at Ouachita Baptist University) and the Komen Race for the Cure.

28. Harvey jones • Harvey Jones founded Jones Truck lines and turned it into one of the largest privately owned and operated truck lines in the U.S.

29. Harvey jones Philanthropy • Mr. Jones was very supportive of educational and health programs. He funded such things as schools for special children and library facilities.

30. Sissy jones • Sissy Jones began her jewelry store in a log cabin and built it into the largest independent jewelry store in Arkansas.

31. Sissy Jones Philanthropy • Mrs. Jones serves on various boards in her community and teaches Sunday School at her church.

32. Charles D. Morgan • Charles D. Morgan transformed a small company into a large corporation (Acxiom) that provides information technology to some of the largest companies in the world.

33. Charles D. Morgan Philanthropy • Mr. Morgan supports educational endeavors. For example, he served many years on the Hendrix College Board.

34. Donald M. Munro • Donald Munro laid the foundation for the largest U.S. shoe manufacturer.

35. Donald L. Munro Philanthropy • Mr. Munro is a philanthropist who is committed to the arts, the environment, the Red Cross and the Boy Scouts of America.

36. Charles H. Murphy, Jr. • Charles Murphy built the Murphy oil company (of El Dorado) into an international oil and gas organization.

37. Charles H. Murphy, Jr. Philanthropy • Mr. Murphy was a big supporter of education. He served on the Arkansas Board of Higher Education, the board of Hendrix College and established the Murphy Institute of Political Economy at Tulane University.

38. Whit and Jack stephens • Whit and Jack Stephens created a brokerage business that is one of the largest off-Wall- Street firms in the U.S. Whit Jack

39. Whit and Jack stephens Philanthropy • The Stephens brothers were well known for their philanthropy. They made large contributions to UAMS, the Arkansas Arts Center, Episcopal Collegiate School, First Tee and the University of Arkansas system.

40. Don Tyson • Don Tyson turned Tyson Foods, Inc., into the largest chicken company in the world and in the process became one of the wealthiest people in the world.

41. Don Tyson Philanthropy • The Tyson family has been a big supporter of the University of Arkansas and also helped to fund three Farm Aid concerts to benefit agricultural workers.

42. Sam Walton • Sam Walton was the founder of the largest corporation in the world. He is considered to be one of the most important businessmen of the 20th century.

43. Sam Walton Philanthropy • The Walton family has made many contributions through the Wal-Mart Foundation. Primarily, education and the arts have benefited from the foundation.

44. Forrest L. Wood • Forrest Wood founded Ranger Boats and built it into the largest manufacturer of bass boats in the U.S.

45. Forrest L. Wood Philanthropy • Mr. Wood served several years on the Arkansas Game and Fish Commission. Crowley’s Ridge Nature Center is named for him.

46. Albert R. Yarnell • Albert Yarnell , former CEO of Yarnell’s Ice Cream, is a leader in the U.S. ice cream industry. He led the team that invented the first non-fat, no-sugar-added ice cream.

47. Albert R. Yarnell Philanthropy • Mr. Yarnell served many years on the Baptist Health Board, and the State Chamber of Commerce Board. His family has also been very supportive of Ouachita Baptist University.

48. Let’s Review! • Barbara Graves • Albert Yarnell • C. Charles H. Murphy • Which entrepreneur opened an “intimate” fashion store in Little Rock? • Which entrepreneur turned an oil company into an international oil and gas organization?

49. Review Which entrepreneur invented one of the first non-fat, no-sugar added ice cream? • Charles D. Morgan • Frank Hickingbotham • C. Albert Yarnell Which entrepreneur organized Acxiom into a billion dollar corporation?

50. Review I was the founder of Sterling and Magic Mart Stores. • Frank Hickingbotham • Dave Grundfest • Delbert E. Allen I founded TCBY, a frozen yogurt company.