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Entrepreneur

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by

Tracy Giuong

on 15 May 2014

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Transcript of Entrepreneur

Should You Take The
Risk
?

Characteristics of an

Patience
Passion
Risk-Taking

What makes an entrepreneur successful?
think of an idea. (be
c
r
e
a
t
i
v
e
)
be an inquirer to
gather information
reflect
on your decisions.
risk-taker
open-minded
when presenting their ideas and receiving feedback
a good communicator
when sharing ideas with an investor
knowledgeable
about business law.
Apply for a patent
.
caring
towards your employees and customers.
What is an entrepreneur?
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
What is an entrepreneur?
Characteristics of an entrepreneur
What makes them successful or a failure?Pros and cons of entrepreneurship
Examples of entrepreneurs
Case of Steve Jobs
Constituents
Entrepreneur Video
Relevant Articles
Opinion slide
Bibliography
TABLE OF CONTENTS
Core Concept
Bibliography
Examples of Entrepreneurs
Teenage Entrepreneur: Robert Nay
Pros
&

Cons

of Entrepreneurship
Intrapreneurship at
Self-belief
Flexibility
Rule-breaking
Pros
Cons
Mark Elliot Zuckerberg
American computer programmer, Internet entrepreneur, and philanthropist
One of five co-founders of Facebook
Facebook founded July 2004
Freedom of choice
Time Flexibility
Independence
Financial rewards
Job security
Utilizing your talents
Self-satisfaction
Business failure
Time-consuming schedule
Financial risk
Sacrifices
Pressure and Stress
Responsibility
Sergey Brin (left) & Larry Page (right)
American computer scientists
Founders of

G
o
o
g
l
e
Inc.
Google found September 1998
Bill Gates
American philanthropist, investor, computer programmer, and inventor
Co-founder of Microsoft Corp.
Microsoft Corp founded April 1975
We believe that becoming an entrepreneur is a good career but it is a big risk due to the 22% success rate. It allows people to live out their dreams and create new inventions that may or may not be 'the next big thing.'

Geoff Nicholson
saw his best idea for what to use the adhesive for,
making a bulletin board with the adhesive sprayed on it
.
http://www.huffingtonpost.com/2011/01/26/robert-nay-bubble-ball-14-year-old-built-iphone-app_n_910170.html
Robert Nay, a 14-year-old living Spanish Fork, Utah creates Bubble Ball.
Nay's Bubble Ball is an addicting multi-level game offered on iOS devices. Nay first got the idea while playing other games with similar ideas.
He decided to start the business Nay Games so he could expand it later on.

He faced brand recognition issues but the article has helped him with publicity.

http://www.inspiretheentrepreneur.com/2014/03/25/shark-barbara-corcoran-turns-11-year-old-ryan-kelly-successful-entrepreneur/


http://www.inspiretheentrepreneur.com/2013/04/07/drop-stop-on-shark-tank-tv-show/
The Plate Topper
An
Intrapreneurship
is the act of behaving like an entrepreneur while working within a large organization.
The 3M Company is an American multinational conglomerate corporation based in St. Paul, Minnesota.
Post its were accidentally invented
when
Spencer Silver
was trying to create super strong adhesives. In doing so,
he failed but created incredibly weak, pressure sensitive adhesive
.
http://www.todayifoundout.com/index.php/2011/11/post-it-notes-were-invented-by-accident/
Being an entrepreneur is a big risk due to the 78% failure rate. The ones who take the risk and are part of the 22% have a successful future ahead of them.
Small Business Administration
US Government
suppliers
Vendors that manufacture the products or parts
financiers
People who make their living from investing in new products.
employees
People who work for you.

Media
Barkery
constituents
They help you get started by creating a business plan.
Case of Steve Jobs
(founded 1976)
Co-founder of Apple Inc
Co-founder of

N
e
X
T
Co-founder of
Pixar

(founded 1985)
(founded 1986)
Spencer Silver


Geoff Nicholson
(Stockbroker)
(McDonalds employees)
Newspapers, magazines, TV, radio, billboards, direct mail, telephone, fax, internet.
Drop Stop
The inventors of the Drop Stop are Marc Newburger and Jeffery Simons. The idea behind the invention was to find a solution to the common problem of dropping in the space between the car’s center console and the seat. Once they got on the TV show "Shark Tank", their product became more popular and well know. They were able to get finance from three millionaires.
Shark Tank is an American reality television series on ABC. It features business pitches from aspiring entrepreneurs to a group of potential investors.
Michael Tseng is the inventor of the Plate Topper. The Plate Topper is an eco-friendly, re-useable alternative to plastic wrap and tin foil. He got the idea when he was putting away left overs from dinner.
http://sharktankblog.com/the-plate-topper-on-the-shelf/
Flappy Bird is a mobile game developed by Dong Ngyuen. It was released on May 24, 2013 but on February 10, 2014 it was discontinued due to his guilt of creating an addictive game. Ngyuen developed the game after finding most popular games to be complicated. He wanted to create a simple game for people on the move.
http://online.wsj.com/news/articles/SB10001424052702303874504579376323271110900
Shark Tank's Barbara Corcoran turns 11 year old Ryan Kelly into a successful entrepreneur.
Ryan Kelly is a young entrepreneur who owns Ryan’s Barkery, a company dedicated to bringing the highest quality and tastiest all-natural treats to dogs everywhere.
He was inspired by his newly adopted dog, Barkley, after buying dog treats, Ryan was disgusted by the smelly treats so he decided to make a much better, tastier treat that his dog would love.
Although Ryan’s Barkery had only made $800 in sales, on the Shark Tank, Ryan's Barkery wanted$25,000 for 25% investment. Shark Barbara Corcoran agreed to the deal.
With the help of Barbara, Ryan's Barkery was making $70,000 within 5 months.
"Entrepreneurship." Wikipedia. Wikimedia Foundation, 4 Nov. 2013. Web. . <http://en.wikipedia.org/wiki/Entrepreneurship>.

"The 7 Traits of Successful Entrepreneurs." Entrepreneur. N.p., n.d. Web. . <http://www.entrepreneur.com/article/230350>.

"Pros and Cons of Being an Entrepreneur." <i>Pros and Cons of Being an Entrepreneur</i>. N.p., n.d. Web. . &lt;http://source.southuniversity.edu/pros-and-cons-of-being-an-entrepreneur-96101.aspx&gt;.

"The Pros and Cons of Launching Your Business From Home." <i>Entrepreneur</i>. N.p., n.d. Web. . &lt;http://www.entrepreneur.com/article/226007&gt;.

Shane, Scott. "What makes entrepreneurs successful?." <i>Forbes</i>. Forbes Magazine, 24 May 2012. Web. . &lt;http://www.forbes.com/sites/scottshane/2012/05/24/what-makes-entrepreneurs-successful/&gt;.

"The U.S. Small Business Administration | SBA.gov." <i>The U.S. Small Business Administration | SBA.gov</i>. N.p., n.d. Web. . &lt;http://www.sba.gov/&gt;.

Chun, Janean. "Robert Nay, Bubble Ball: A 14-Year-Old Built The No. 1 IPhone Game." <i>The Huffington Post</i>. TheHuffingtonPost.com, 26 Jan. 2011. Web. . &lt;http://www.huffingtonpost.com/2011/01/26/robert-nay-bubble-ball-14-year-old-built-iphone-app_n_910170.html&gt;.

"Shark Barbara Corcoran Turns 11 Year Old Ryan Kelly into a Successful Entrepreneur." <i>TIPS ON STARTING A SMALL BUSINESS</i>. N.p., n.d. Web. . &lt;http://www.inspiretheentrepreneur.com/2014/03/25/shark-barbara-corcoran-turns-11-year-old-ryan-kelly-successful-entrepreneur/&gt;.

"Drop Stop on Shark Tank TV Show." <i>TIPS ON STARTING A SMALL BUSINESS</i>. N.p., n.d. Web. . &lt;http://www.inspiretheentrepreneur.com/2013/04/07/drop-stop-on-shark-tank-tv-show/&gt;.

"." <i>The Wall Street Journal</i>. Dow Jones & Company, n.d. Web. . &lt;http://online.wsj.com/news/articles/SB10001424052702303874504579376323271110900&gt;.






By: Tracy Giuong & Khaliuna B.
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Full transcript