chapter 13 our economic system chapter 13 our economic system lesson 13.2 being your own boss lesson...
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Chapter 13Our Economic System
Chapter 13Our Economic System
Lesson 13.2 Being Your Own Boss
Lesson 13.2 Being Your Own Boss
2Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
DiscoverDiscover
The rewards and challenges of working for yourself
How to start your own business
3Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Why It’s ImportantWhy It’s Important
In the free enterprise system, many people own and operate their own businesses. One day, you may be one of them.
4Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Key TermsKey Terms
entrepreneurbusiness planmarketing
5Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Being Your Own BossBeing Your Own Boss
You may have a future as an entrepreneur.
An entrepreneur is someone who organizes and runs a business.
6Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Being Your Own BossBeing Your Own Boss
More than 95 percent of the people employed in the United States work for small businesses.
7Chapter 13 Our Economic System
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--Long Work Hours --Risk
++ ++ ++ ++
-- --
The Rewards and Challenges of EntrepreneurshipThe Rewards and Challenges of EntrepreneurshipGraphic OrganizerGraphic Organizer
Advantages
Disadvantages
You’re in Charge
Personal Satisfaction
Unlimited Income
Potential
Competition
8Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Qualities of EntrepreneursQualities of EntrepreneursGraphic OrganizerGraphic Organizer
DecisionMaking
HumanRelations
MotivationSight andForesight
9Chapter 13 Our Economic System
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Launching Your Own BusinessLaunching Your Own Business
Whether you launch your business this weekend, next summer, or in the future, you will need a plan.
10Chapter 13 Our Economic System
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The Importance of PlanningThe Importance of Planning
To run a successful business, you need a business plan.
A business plan is a written proposal that describes your new business.
11Chapter 13 Our Economic System
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Elements of a Business PlanElements of a Business PlanGraphic OrganizerGraphic Organizer
BusinessBusinessPlanPlan
Identifies the goods or
services you will offer
Shown to people who
can lend you money to start your business
Identifies where your
business will be located
Outlines your goals and
gives a timetable for
meeting them
12Chapter 13 Our Economic System
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The Importance of PlanningThe Importance of Planning
A business plan also describes who your customers will be and your marketing plan.
Marketing is the process of developing, promoting, and distributing good and services to customers.
13Chapter 13 Our Economic System
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Functions of MarketingFunctions of MarketingGraphic OrganizerGraphic Organizer
Finance
Pricing
Promotion
Service
MarketResearch
Distribution
Selling
14Chapter 13 Our Economic System
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The Importance of PlanningThe Importance of Planning
As part of your business plan, you’ll figure out how much it will cost to start and run your business.
15Chapter 13 Our Economic System
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The Importance of PlanningThe Importance of Planning
Many entrepreneurs borrow money from a commercial lender, such as a bank, to get their businesses started.
16Chapter 13 Our Economic System
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Try This ActivityTry This Activity
Work with a group of students. Brainstorm a list of businesses that would be successful at your school. Conduct research on other students to find out if they would patronize your business.
Work with a group of students. Brainstorm a list of businesses that would be successful at your school. Conduct research on other students to find out if they would patronize your business.
Develop a School-Based Business
Develop a School-Based Business
continuedcontinued
17Chapter 13 Our Economic System
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Try This ActivityTry This Activity
Prepare Your Business Plan Now develop the business plan.Prepare Your Business Plan Now develop the business plan.
Develop a School-Based Business
Develop a School-Based Business
continuedcontinued
18Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Try This ActivityTry This Activity
Conduct Research, Then Carry Out Your Plan Make sure your plan includes all the information listed. Then carry out your plan by starting the school-based business.
Conduct Research, Then Carry Out Your Plan Make sure your plan includes all the information listed. Then carry out your plan by starting the school-based business.
Develop a School-Based Business
Develop a School-Based Business
19Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
The Importance of PlanningThe Importance of Planning
Making a business plan is hard work, but it’s also exciting.
A business plan is a dream on paper.
20Chapter 13 Our Economic System
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Investigating Career Clusters
Investigating Career Clusters
Manufacturing The process of making products by hand or by machineManufacturing The process of making products by hand or by machine
continuedcontinued
ManufacturingManufacturing
21Chapter 13 Our Economic System
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Investigating Career Clusters
Investigating Career Clusters
If you love to build things or make things, a career in manufacturing may be for you.If you love to build things or make things, a career in manufacturing may be for you.
ManufacturingManufacturing
22Chapter 13 Our Economic System
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What should you consider in choosing a location for a business?What should you consider in choosing a location for a business?
Critical Thinking Review
Critical ThinkingCritical Thinking
continuedcontinued
23Chapter 13 Our Economic System
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Answers include: whether the business needs to be near customers or services; location of competition; the cost of property; the condition of streets and buildings; and the types of businesses in the area.
Answers include: whether the business needs to be near customers or services; location of competition; the cost of property; the condition of streets and buildings; and the types of businesses in the area.
Critical Thinking Review
Critical ThinkingCritical Thinking
continuedcontinued
AA
24Chapter 13 Our Economic System
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What qualities of entrepreneurs are also important to have when you work for someone else?
What qualities of entrepreneurs are also important to have when you work for someone else?
Critical Thinking Review
Critical ThinkingCritical Thinking
continuedcontinued
25Chapter 13 Our Economic System
Being Your Own BossBeing Your Own Boss
Good employees are motivated and good at decision making. They can successfully relate to other people. These qualities are also required of entrepreneurs.
Good employees are motivated and good at decision making. They can successfully relate to other people. These qualities are also required of entrepreneurs.
Critical Thinking Review
Critical ThinkingCritical Thinking
AA
End of Chapter 13Our Economic System
End of Chapter 13Our Economic System
Lesson 13.2 Being Your Own Boss
Lesson 13.2 Being Your Own Boss
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