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Transcript of Entrepreneur
Characteristics of an
What makes an entrepreneur successful?
think of an idea. (be
be an inquirer to
on your decisions.
when presenting their ideas and receiving feedback
a good communicator
when sharing ideas with an investor
about business law.
Apply for a patent
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
TABLE OF CONTENTS
Examples of Entrepreneurs
Teenage Entrepreneur: Robert Nay
Mark Elliot Zuckerberg
American computer programmer, Internet entrepreneur, and philanthropist
One of five co-founders of Facebook
Facebook founded July 2004
Freedom of choice
Utilizing your talents
Pressure and Stress
Sergey Brin (left) & Larry Page (right)
American computer scientists
Google found September 1998
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.'
saw his best idea for what to use the adhesive for,
making a bulletin board with the adhesive sprayed on it
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.
The Plate Topper
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
was trying to create super strong adhesives. In doing so,
he failed but created incredibly weak, pressure sensitive adhesive
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
Vendors that manufacture the products or parts
People who make their living from investing in new products.
People who work for you.
They help you get started by creating a business plan.
Case of Steve Jobs
Co-founder of Apple Inc
Newspapers, magazines, TV, radio, billboards, direct mail, telephone, fax, internet.
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.
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.
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.
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"." <i>The Wall Street Journal</i>. Dow Jones & Company, n.d. Web. . <http://online.wsj.com/news/articles/SB10001424052702303874504579376323271110900>.
By: Tracy Giuong & Khaliuna B.