57 Outcome: The Role of Entrepreneurs
What you’ll learn to do: identify the role entrepreneurs (past and present) play in small businesses and economic growth
Entrepreneurs are the fuel that drive small businesses and, in turn, much of the U.S. and world’s economies. Their creativity and willingness to take a risk or follow a dream generate jobs, personal wealth, and national economic prosperity. No doubt you recognize the product shown below:
But . . . did you know that it originated here?
Believe it or not, Henry Ford gave us not only the Ford Motor Company but also Kingsford Charcoal. Henry Ford learned of a process for turning wood scraps from the production of Model Ts into charcoal briquets. So, he built a charcoal plant—and the rest is history. Read more about it here, and find out more about the role of entrepreneurs in the economy from the learning activity below.
LEARNING ACTIVITIES
The learning activities for this section include:
- Reading: The Importance of Small Business to the U.S. Economy
- Self Check: The Role of Entrepreneurs
Take time to review and reflect on this activity in order to improve your performance on the assessment for this section.