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WHAT IS AN ENTREPRENEUR?

An entrepreneur is a person who brings together productive resources to produce a good or service and then assumes the risk of taking that product or service to the marketplace.

EXAMPLES OF ENTREPRENEURS (NEW IDEAS)

Fred Smith-Founder/C.E.O. of ?

In 1965, Fred Smith wrote a paper for his

College class at Yale University that described

a need for an airfreight company that would

deliver packages with a guaranteed arrival time.

What is the name of his company?

Larry Page and Sergey Brin met at Stanford University in 1995. While in graduate school they developed an Internet search engine named after the mathematical term for a 1 followed by 100 zeros.

As of 2010, they each had a net worth of more than $17.5 billion dollars!

What is the name of their Internet company?

In 2004, Harvard University student, Mark Zuckerberg and three friends started a new website based on the student photo directories of some private schools.

Today, Mr. Zuckergberg is the C.E.O. of the company that has more than 500 million active users who keep in contact with friends and family on the Internet.

What is the name of his company?

In 1996 Julie Clark, a former English and art teacher wanted to expose babies and parents to classical music, art, and nature. She created two videos in her home. After five years, she produced 30 children’s books, 10 videos, and six music albums before Walt Disney Co. bought her company.

What was the name of her company?

This company was founded in 1964 by Bill Bowerman, a track and field coach at the University of Oregon, and Phil Knight, a former team member of Bowerman’s team.

Each of the men started the company on an initial investment of $500 and a handshake.

The company was named after the Greek goddess of victory.

What is the name of their company?

ENTREPRENEURSHIP AS A RESOURCE

There are four productive resources:

1.Land-represents the soil, minerals, fossil fuels, food crops, and water

2.Capital-manufactured resources such as buildings, equipment, hardware, and tools needed for production

3.Labor-the human resource because it includes ALL the people included in the production process

4.Entrepreneur-the person who assumes the risk of acquiring the other resources necessary to begin production of a good or service.

Can you give examples of entrepreneurs right here in our:

Class?

School? Community?

If YOU could be an entrepreneur, what would you want to do?

SOME ADDITIONAL ENTREPRENEUR RIDDLES:

Bill Gates began programming computers when he was 13 years old. While attending Harvard University, he developed a new computer programming language called BASIC.

Paul Allen was friends with Bill Gates. They founded a company that developed software for personal computers that they felt would be used

in every office and home.

What is the name of their company?

Steve Jobs grew up in Silicon Valley and was fascinated with computers and electronics.

Steve cofounded a company whose goal it was to produce a personal computer at a time when most computers were the size of a room. He left this company in 1985, later returned in 1996 and was responsible for revolutionizing many forms of media.

What is the name of his company?

AND LAST, BUT CERTAINLY NOT LEAST:When this television star was a young woman, she

began her career in broadcasting in Nashville while still in high school. She anchored television news in Nashville and Baltimore before moving to Chicago to host a morning talk show that became the highest-rated talk show in television history.

In 1988 she established her company making her the 3rd woman in American entertainment to own her own studio. She now has movies, launched several TV shows, introduced a magazine, website, and XM Satellite Radio station.

Who is she? What is the name of her company?

The End!

WORKS CITED:

Entrepreneurs, Everyday Economics. The Economic Education division, Public Affairs Department, Federal Reserve Bank of Dallas. August 2011