Business Administration
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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
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