Transcript Business Administration

Business AdministrationEntrepreneurs
Eliezer Santiago
Mariel Leynes
Trinidad Reyes
Nayelly Soriano
Jolanta
Kosiorowska
Entrepreneur
 A person who starts a new business venture.
 People who have a talent for seeing opportunities and
the abilities to develop those opportunities into profitmaking businesses.
Facts about Entrepreneurs
 Provide approximately 75% of the net new jobs added
to the economy
 Represent 99.7% of all employers
 Employ 50.1% of the private work force
 Provide 40.9% of private sales in the country
 Account for 39.1% of jobs in high technology sectors in
2001
 Account for 52% of private sector output in 1999
 Represent 97% of all US exporters
Internet Entrepreneurs
 Individuals who are familiar with the culture and
technology of the Internet and are able to apply their
knowledge to sell products and services via the
Internet.
Task and Responsibility
 Knowledge of business and management principles
involved in tactical planning, resource allocation,
human resources coordination, and leadership
technique.
 Strong interest in coordinating data, resources, and
people.
 Capacity to negotiate with people and to get along
with clients.
 Orientation toward quality customer service.
 Being able to work more than 40 hours a week.
Median Salary/ Growth Potential
 The earnings of self-employed entrepreneurs depend
upon the relative success of their businesses. Some
lose money year after year, while others go on to
become billionaires.
 Salaries can vary greatly due to company, location,
industry, experience and benefits.
 The average salary for entrepreneur jobs is $111,000.
Entrepreneur Salary Samples
CHILD CARE OWNERS
FRANCHISE OWNERS
 $20,000 to $30,000
 $25,000 to $87,000 to
to$50,000+
$171,000+
Chief
Executive
Officer
(CEO)
Mean Hourly Wage:
•$72.77*
Mean Annual Wage:
•$151,370*
* As of May 2007
Necessary Skills to be a
Successful Entrepreneur
 Good interpersonal skills
 Be very independent
 Take on different tasks
 Be open minded
 Be able to multitask
 Be able to lead
Experiences Needed
 Customer assistance.
 College Degree, at least an Associates Degree.
 Work experience in a place like the one you would like
to own one day, for knowledge on how to run it and
things that can go wrong.
 Need to be a leader and not afraid to speak up.
 Very important to be confident from experience by
working with others.
Entrepreneur’s Personality
Types
 Social
 Creative
 Risk Taker
Educational Backgrounds are
based on:
 The individual mind
 To gain experience
 How much they want to be successful
 Want more money by getting a Masters Degree
 Some believe more knowledge means more money or
profit.
Good kills and experience we as
students can relate are :
 Having some sort of source recognition
 Have been working in the field, of what one they we
would like to own
 Studying in school and gaining knowledge about the
Business World
 Interpersonal skills are also grown through experience
working with people
We as candidates can be seen :
 With very much potentials
 Very dedicated and willing to progress
 Having plenty of knowledge what to expect and the
challenges we can face through our decision of
becoming an entrepreneur
Type of Internship and Career
Related Skills
An internship that one would like to pursue in this field would be to inter
in a company/business in where you assist the president or vice
president of the company.
Some skills that you get out on an internship would be:
 Communication skills
 Listening skills
 Leadership skills
 Creative thinking skills
In this experience you’ll learn how to interact with colleagues. Most
importantly you’ll get to observer the president or vise president of the
company. Also you’ll learn how start your own company and all the
requirements needed to do so.
Organizations for Entrepreneurs
 The Entrepreneurs’ Organization
(EO) is a global network of business
owners, all of whom run companies
that exceed US$1M in
annual revenue. We engage leading
entrepreneurs to learn and grow
through executive education and
other tools

CEO Club
www.ceoclubs.com
180 Varick Street
Penthouse
New York NY 10014
phone:212-633-0060
fax:212-633-0063
 USASBE United states
association for small business
and entrepreneurship- is an
organization of eclectic group of
government officials, directors of
small business development centers,
and academics in fields like finance,
marketing, management, and
economics united by their common
interest in entrepreneurship and
small business.
Organizations for Entrepreneurs
 Small Business Administration (SBA)
 The SBA is an independent agency that operates under the authority
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Small Business Act of 1953.
Since this organization provides a broad varieties of product and
services, to become a member you possess:
Desire and willingness to succeed.
Able to complete and follow instructions given by organizations.
Some fees may apply.
http://www.sba.gov/
Organizations for Entrepreneurs
 Young Entrepreneur’s Association
 Non-profit educational organization for entrepreneurs
and business owners under age 40.
 To join you must possess the following:
 A) Be the founder, co-founder, owner or controlling
shareholder of a company
 B) Hold one of the above titles for a company that
grosses more than US$1 million annually
 Join before age 50

http://www.eonetwork.org/Pages/default.aspx
Organizations for Entrepreneurs
 The Small Business Development Center at LaGuardia
Education. Entrepreneurship. Economic Development.
To join in you’ll need to comply with the following:
a) A non-refundable registration fee of $12 is required for all
courses except the intensive English as a Second
Language program, for which a $25 registration fee is
required.
b) LaGuardia Community College alumni, faculty and staff,
and senior citizens recipients may receive discounts for
courses on a space available basis.
c) Open to all applicants.
http://www.nyssbdc.org/centers/centers.cfm?centid=95
Interviews
#1 Amriamny De la Cruz
#2 Noemi Pagan
Background:
 Has a Deli & Grocery store
located at 2407 Second
Avenue, between 124 St and
123 St, New York NY 10035.
 Her business is a partnership.
Background:
 Has a Bakery business located
in Dorado Puerto Rico.
 Her business form is a sole
proprietorship.
Interview #1:
Amriamny De la Cruz
1. What are the advantages of your business?
 Combined skills
 Combined knowledge
 Greater personal interest
 Higher income
 Ability to get better credit for loans
 Higher capital
Interview #1:
Amriamny De la Cruz
2. What are the disadvantages of your
business?
 Business owners are responsible for all
debts.
 Management disagreements.
 What happens if a partner dies or decides to
quit.
 Frozen investments.
Interview #2:
Noemi Pagan
1. What are the advantages of your business?
 Easy to start up
 It’s flexible
 You are your own boss
 All earnings are yours
 There are no special taxes
Interview #2:
Noemi Pagan
2. What are the disadvantages of your business?
 You’re responsible for all debts.
 It’s hard to hire good prospective employees.
 Not easy to receive loans or capital.
 It’s difficult to do everything by yourself.
 The day you don’t work usually there’s no income.
Career Trends
Long Term Market Trends
 Accounting services
 Legal services
 Dental services
 Specialized Design Services
 Insurance Brokers
 Physicians' Offices
 Medical and Diagnostic Labs
 Depository Credit Intermediation
Career Trends
Short Term Career Trends
 Food Restaurant Services
 Technology Services
 Specialized Design Services
 Internet-billions of dollars of goods sold online
 Online gaming.
Comparing Personalities
Natural Intelligence Test
People/Interpersonal Intelligence -“the ability
to work and relate effectively with others. To be
aware of motivation, emotions and goals.”
Careers Such as:
Accounting Counselor Human Resource
Specialist Occupational Therapist Politician
Sales Representative Social Worker System
Representative Teacher System Analyst
Dr. Phil Personality Test
Elizer Trinidad Mariel Jolanta Nayelly
48
41
42
42 49
The Lively Center of Attention -“Others see you as
fresh, lively, charming, amusing, practical, and always
interesting; someone who’s constantly in the center of
attention, but sufficient well-balanced not to let it go
to their head. They also see you as kind, considerate,
and understanding; someone who’ll always cheer them
up and help up and help them out.”
Jung Typology Test
 Jolanta ESFP- Extraverted Sensing Feeling
Perceiving
 Nayelly ENFJ- Extraverted Intuitive Feeling
Judging
 Mariel ENFJ- Extraverted Intuitive Feeling Judging
 Trinidad ENFJ- Extraverted Intuitive Feeling
Judging
 Elizer ENFJ- Extraverted Intuitive Feeling
Why this field interest us?
 We all have similar characteristics, interests, goals, and
different ways that we envision life.
 We are leaders.
 We are aiming for success.
 We are hungry for knowledge and the opportunity to
succeed.
Why this field interest us? (Cont.)
 We want to enjoy the benefits of business ownership
that includes:
 Independence
 Flexibility
 Being your own boss
 All earning are yours
 Higher income
 You are in command of your time, life, and decisions.
Entrepreneur Video
http://youtube.com/watch?v=xyyYoaOIHk8
Sources used:
 Occupational Outlook Handbook
 http://www.simplyhired.com/a/salary/search/q-entrepreneur
 http://www.bls.gov/oes/current/oes111011.htm
 http://www.worldwidelearn.com/online-education-
guide/business/entrepreneurship-major.htm