entrepreneurs of arkansas will you be an entrepreneur?

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ENTREPRENEURS OF ARKANSAS WILL YOU B E AN ENTR EPRENEUR?

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Page 1: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

ENTREPR

ENEURS OF

ARKANSAS

WILL

YOU B

E AN E

NTREPR

ENEUR?

Page 2: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

WHAT IS AN ENTREPRENEUR?

See if you can define this term using the following words:

-person

-business

-risk

-profit

What is your definition?

Page 3: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

CAN YOU THINK OF A MODERN DAY ENTREPRENEUR?

Page 4: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

WHAT IS A BUSINESS?

A business is an activity that someone works in to make money.

Can you think of the name of a business?

Page 5: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

ENTREPRENEURS TAKE RISKS!

What is a risk? It is when someone takes a ……….chance! Have you ever taken a risk or chance? You think something will work, but you cannot tell until you do it!

Page 6: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

AN ENTREPRENEUR NEEDS TO HAVE THE FOLLOWING:

a good plan based on research desire to work hard discipline to keep investing resources ability to deal with failure (The business can

be a success or sometimes it can fail.)

Page 7: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

When entrepreneurs are very successful, most will become involved in philanthropy. Philanthropy is being actively involved in promoting human welfare by donating money, time or

other resources.

PHILANTHROPY

Page 8: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

IT IS TIME TO MEET SOME ARKANSAS ENTREPRENEURS

Complete your foldable as you go through the following slides.

Page 9: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Delbert Allen turned a small vegetable canning factory into one of the largest privately held vegetable canning facilities in the U.S.

DELBERT E. ALLEN, SR.

Page 10: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

DELBERT

E. A

LLEN, S

R.

Mr. Allen helped to improve his community by encouraging education and improving the medical facilities.

Philanth

ropy

Page 11: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Harvey Couch helped to modernize Arkansas. He brought electricity to the state on a large scale. Today the company he founded is known as Entergy.

HARVEY COUCH

Page 12: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

HARVEY

COUCH

Mr. Couch built two popular lakes in Arkansas, Lake Hamilton and Lake Catherine. He also helped business people survive during the Great Depression by serving on the Reconstruction Finance Corporation.

Philanth

ropy

Page 13: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

William Dillard began with one store in Nashville, Arkansas, but when he retired he owned the third largest retail chain in the United States.

WILLIAM T. DILLARD, SR.

Page 14: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Ms. Graves is founder of Barbara Graves Intimate Fashions in Little Rock, Arkansas. She was one of the first to offer mastectomy products to customers.

BARBARA GRAVES

Page 15: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

BARBARA GRAVES

Ms. Graves is an original supporter of the Komen Race for the Cure, has served on the Chamber of Commerce and the Board of Directors for the city of Little Rock.

Philanthro

py

Page 16: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Johnelle and J.B. Hunt built a transportation and logistics company. It is one of the largest publicaly held truckload carriers in the U.S.

JOHNELLE AND J.B. HUNT

Page 17: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

JOHNELL

E AND J.

B. HUNT

The Hunts supported many charities, (such as March of Dimes), education, (scholarship at the U of A) and arts organizations.

Philanth

ropy

Page 18: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Jerry Jones is the owner of the Dallas Cowboy football team. He built a new stadium to “house” the team. He made his fortune in oil and gas.

JERRY JONES

Page 19: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

JERRY JO

NESTwo of the Jones

family’s favorite charities are the Salvation Army (their Christmas kickoff begins at the Cowboy stadium) and the Boys and Girls Clubs.

Philanth

ropy

Page 20: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Ernest Joshua founded J. M. Products, one of the largest ethnic hair care products companies in the U.S. At one time his company was the largest African-American- owned company in Arkansas.

ERNEST JOSHUA

Page 21: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

ERNEST

JOSHUA

The Joshua family is known for contributing to college scholarships, drug-free programs, academic -help programs and other community projects.

Philanth

ropy

Page 22: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

He organized American Freightways, which became the fourth largest less-than-truckload carrier in the country.

F. SHERIDAN GARRISON

Page 23: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

F. SHERID

AN GARRIS

ON

Mr. Garrison supported education and athletics. He donated money and land to build a modern football stadium for the Harrison public school district.

Philanth

ropy

Page 24: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Dave Grundfest was the co-founder of the Sterling Stores in Arkansas and also founded the discount chain, MagicMart.

DAVE GRUNDFEST, SR.

Page 25: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

DAVE GRUNDFEST,

SR.

Mr. Grundfest was actively involved in the Chamber of Commerce, the YMCA and the Rotary Club. He also co-founded the Grundfest Foundation for the Education of Youth.

Philanth

ropy

Page 26: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Frank Hickingbotham founded TCBY. Under his direction the company grew to be one of the largest franchises in the world.

FRANK HICKINGBOTHAM

Page 27: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

FRANK

HICKIN

GBOTHAM

The Hickingbotham family has been very supportive of education (funded a new business building at Ouachita Baptist University) and the Komen Race for the Cure.

Philanth

ropy

Page 28: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Harvey Jones founded Jones Truck lines and turned it into one of the largest privately owned and operated truck lines in the U.S.

HARVEY JONES

Page 29: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

HARVEY JO

NESMr. Jones was very

supportive of educational and health programs. He funded such things as schools for special children and library facilities.

Philanth

ropy

Page 30: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Sissy Jones began her jewelry store in a log cabin and built it into the largest independent jewelry store in Arkansas.

SISSY JONES

Page 31: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

SISSY JO

NESMrs. Jones serves

on various boards in her community and teaches Sunday School at her church.

Philanth

ropy

Page 32: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Charles D. Morgan transformed a small company into a large corporation (Acxiom) that provides information technology to some of the largest companies in the world.

CHARLES D. MORGAN

Page 33: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

CHARLES D

. MORGAN

Mr. Morgan supports educational endeavors. For example, he served many years on the Hendrix College Board.

Philanth

ropy

Page 34: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Donald Munro laid the foundation for the largest U.S. shoe manufacturer.

DONALD M. MUNRO

Page 35: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

DONALD L.

MUNRO

Mr. Munro is a philanthropist who is committed to the arts, the environment, the Red Cross and the Boy Scouts of America.

Philanth

ropy

Page 36: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Charles Murphy built the Murphy oil company (of El Dorado) into an international oil and gas organization.

CHARLES H. MURPHY, JR.

Page 37: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

CHARLES H

. MURPH

Y, JR

.

Mr. Murphy was a big supporter of education. He served on the Arkansas Board of Higher Education, the board of Hendrix College and established the Murphy Institute of Political Economy at Tulane University.

Philanth

ropy

Page 38: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Whit and Jack Stephens created a brokerage business that is one of the largest off-Wall- Street firms in the U.S.

WHIT AND JACK STEPHENS

Whit Jack

Page 39: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

WHIT

AND JA

CK STE

PHEN

S

The Stephens brothers were well known for their philanthropy. They made large contributions to UAMS, the Arkansas Arts Center, Episcopal Collegiate School, First Tee and the University of Arkansas system.

Philanth

ropy

Page 40: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Don Tyson turned Tyson Foods, Inc., into the largest chicken company in the world and in the process became one of the wealthiest people in the world.

DON TYSON

Page 41: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

DON TYS

ON The Tyson family has been a big supporter of the University of Arkansas and also helped to fund three Farm Aid concerts to benefit agricultural workers.

Philanth

ropy

Page 42: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Sam Walton was the founder of the largest corporation in the world. He is considered to be one of the most important businessmen of the 20th century.

SAM WALTON

Page 43: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

SAM WALT

ON

The Walton family has made many contributions through the Wal-Mart Foundation. Primarily, education and the arts have benefited from the foundation.

Philanth

ropy

Page 44: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Forrest Wood founded Ranger Boats and built it into the largest manufacturer of bass boats in the U.S.

FORREST L. WOOD

Page 45: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

FORREST L. W

OOD

Mr. Wood served several years on the Arkansas Game and Fish Commission. Crowley’s Ridge Nature Center is named for him.

Philanth

ropy

Page 46: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Albert Yarnell , former CEO of Yarnell’s Ice Cream, is a leader in the U.S. ice cream industry. He led the team that invented the first non-fat, no-sugar-added ice cream.

ALBERT R. YARNELL

Page 47: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

ALBER

T R. Y

ARNELL

Mr. Yarnell served many years on the Baptist Health Board, and the State Chamber of Commerce Board. His family has also been very supportive of Ouachita Baptist University.

Philanth

ropy

Page 48: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Which entrepreneur opened an “intimate” fashion store in Little Rock?

Which entrepreneur turned an oil company into an international oil and gas organization?

A. Barbara Graves

B. Albert Yarnell

C. Charles H. Murphy

LET’S REVIEW!

Page 49: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

Which entrepreneur organized Acxiom into a billion dollar corporation?

Which entrepreneur invented one of the first non-fat, no-sugar added ice cream?

A. Charles D. Morgan

B. Frank Hickingbotham

C. Albert Yarnell

REVIEW

Page 50: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

I was the founder of Sterling and Magic Mart Stores.

I founded TCBY, a frozen yogurt company.

A. Frank Hickingbotham

B. Dave Grundfest

C. Delbert E. Allen

REVIEW

Page 51: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

This entrepreneur built the family business into the

largest chicken business in the U.S.

This entrepreneur turned a canning business into one of the largest in the United States.

A. Donald L. Munro

B. Don Tyson

C. Delbert E. Allen

REVIEW

Page 52: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

I organized American Freightways into the fourth largest less-than-truckload company in the U.S.

I laid the foundation for the largest U.S. shoe manufacturing company.

A. Donald L. Munro

B. Forrest L. Wood

C. F. Sheridan Garrison

REVIEW

Page 53: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

.

This entrepreneur founded Ranger boats, the largest manufacturer of bass boats in the U.S.

This entrepreneur brought statewide electricity to Arkansas (Entergy).

A. Harvey C. Couch

B. Forrest L. Wood

C. Harvey Jones

REVIEW

Page 54: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

My ethnic hair care company was the largest African-American-owned company in Arkansas.

My truck company became the largest privately owned truck line in the U.S.

A. William T. Dillard, Sr.

B. Ernest Joshua

C. Harvey Jones

REVIEW

Page 55: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

We built an Arkansas based transportation and logistics** company

We created a brokerage* company that is one of the largest off Wall Street.

A. Johnelle and J.B. Hunt

B. Whit and Jack Stephens

REVIEW

* A business whose main responsibility is to be the middle person

that puts buyers and sellers together.

* *Logistics is the detailed coordination of a complex operation involving many people, facilities or supplies.

Page 56: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

I was the founder of the largest corporation* in the world.

I owned the third largest U.S. retail chain by the time I retired.

A. Jerry Jones

B. William T. Dillard, Sr.

C. Sam Walton

REVIEW

* A company or group of people allowed to act as a single entity (legally as if it was one person) and recognized legally as such.

Page 57: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

This entrepreneur began the family business in a small log cabin.

This entrepreneur is the owner of the Dallas Cowboys football team.

A. Sissy Jones

B. Jerry Jones

C. Donald L. Munro

REVIEW

Page 58: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

IS ANYONE ALREADY AN ENTREPRENEUR?What kind of business do you have?

Can anyone think of a business they could organize?

Page 59: ENTREPRENEURS OF ARKANSAS WILL YOU BE AN ENTREPRENEUR?

WHO WANTS TO BE AN ENTREPRENEUR WHEN THEY GROW UP?

You will need

-A plan that has been researched

-to work hard

-invest your resources into the business

-to be willing to take risks and to fail!