1. Introduction to Entrepreneurship
MRS. LOGAN

2. WHAT IS AN ENTREPRENEUR?
An entrepreneur is an amazing person who organizes, operates, and assumes the risk for a business venture.
To start a new business entrepreneurs need a business plan, which we will discuss next.
3. What is a Business Plan and Why Have One?
A business plan is a series of documents that serves as a blueprint for starting a business.
A business plan includes information about
the business
the industry in which it competes
its products and/or services
its customers
its competitor, and
its finances
4. What is a Business Plan and Why Have One?, contd.
Business plans allow owner to break down the process because it can be an overwhelming task.
Business plans indicate
current status of the business
vision; future goals, and objectives
a plan to achieve the vision
5. What is a Business Plan and Why Have One?, contd.
The primary functions of a business plan are
set goals and objectives
attract potential investors
acquire financing
attract quality emloyees
attract potential new customers
6. Components of a Business Plan
Cover Page
Executive Summary
Company Description
Description of Products and Services
Market Analysis
Marketing Plan
Operating Plan
Funds Required and Expected Uses
Financial Statements

Owners Credentials (resume)

Supplemental Attachments
7. Characteristics of a Good Business Plan
Neat
Organized
Professional
Well-written and well-designed
Highlight important aspects of the business
8. Major Factors to Consider Before Selecting Your Business
What are your interests?
What are your abilities?
Do you have the start up money and necessary resources?
Profit potential
Pleasure
Availability
9. Possible Teen Businesses
10. Teen Entrepreneurs
11. Class Assignment
Read pp. 25-27
Complete Choosing Your Teen Based Business