Entrepreneurs
Someone that starts a business, taking all the risk as well as enjoying all the profits is called a ________
What is an Entrepreneur?
- cofounder of the Home Depot corporation and the owner of the Atlanta Falcons football team
Aurther Blank
a type of economic activity that is intangible, does not require storage, and does not result in ownership
What is Service?
This industry significantly offer cultural opportunities to Georgia’s citizens, creates jobs, supports arts education, and helps revitalize communities.
What is the Arts?
This industry provides a $59 billion impact on the state’s economy, is the fifth largest employer in the state, supports 439,000 job opportunities, and brings folks to Georgia for our weather, scenery, and fun activities.
What is tourism?
If a business fails, who loses the most? (sweat equity, money, products)
What is the Entrepreneur or owner?
-media titan, cable-TV pioneer, father of the Goodwill Games, owner of a World Series champion baseball team, skipper of a yacht that won the America's Cup, feature film producer, and restaurateur
Ted Turner
Service industries are the largest sector of Georgia's economy led by two types of service: wholesale and retail. Given an example of each!
Wholesale:food, petroleum products, transportation equipment
Retail: automobile dealerships, discount stores, grocery stores, restaurants
Georgia gives these incentives to the film industry to help attract film makers to our state. Hint: it saves the companies money in April when they go file those all important papers with the IRS.
What is tax incentives, lower taxes!
This industry has become more efficient due to automation, resulting in a smaller workforce that requires skilled workers who require years of training to perform the industry jobs efficiently and effectively.
What is Manufacturing Industry?
- the amount of money an entrepreneur or business earns after paying their expenses.
What is profit?
- founder and president of the Atlanta Life Insurance Company
Alonzo Herndon
A third form of service industry is professional services. Given an example of a professional service.
What is legal, health, investment, management, engineering.
How does the film industry benefit local folks?
What is provides jobs and income for local businessess.
This industry includes your tablets, computers, cell phones, video games, and all the digital "stuff" that goes with them. It is small part of Georgia's economy.
What is Technology Industry?
Name 2 negatives of being an entrepreneur.
What is working long hours, being solely responsible, losing money?
- founder and chairman of the Chick-fil-A restaurant chain
Truett Cathy
What is necessary for a service to produce revenue and make a profit?
What is Customers!!
What is so special about Georgia's climate that many film makers choose to locate here?
What is mild climate, very little bad weather or extreme cold.
This is Georgia's leading industry (always has been) and helps put food on tables around the world.
What is the Agriculture Industry?
Ned Nesterson Montgomery took out a loan to open a steak house in the middle of a vegan neighborhood. His business failed. What may have been a problem and a consequence for Ned?
What is poor planning and loss of income/profit/business.
- a world-renowned producer, director, actor, screenwriter, playwright, author, songwriter, entrepreneur, and philanthropist.
Hellur, Yall know this!!
Tyler Perry
Bonus!!
Name any service business!
This type of industry is growing in Georgia and helps generate about $50 million in tax revenues for the state per year. It gets our feet tapping, our bodies grooving, and puts a song in our heart (or at least our ear).
What is the music industry?
Bonus!!
Name a product of Georgia's farms!