Vocabulary Words
Concept: Entrepreneur
Definition: An entrepreneur is someone who takes the risk to develop a new product or start a new business.
Comprehension Questions
Ben Franklin came from a family of entrepreneurs and small businessmen. What is an entrepreneur? What types of businesses did his family run?
An entrepreneur takes the risk to develop a new product or start a business. father - candle and soap business, Samuel – blacksmith, James and uncle - printers.
What were entrepreneurs/business people who worked with their hands and had a trade called during this time in history? Why?
Leather Aprons - because they wore leather aprons when they worked
How did Ben’s father cultivate the skills – academic and practical - that would help Ben become an entrepreneur?
He sent Ben to ordinary writing and arithmetic school for two years. He later had him become an apprentice in the printing business with his Uncle James.
At only age 24 Ben Franklin was well on his way as an entrepreneur owning and running several businesses. List the many businesses he owned.
A print shop, his own newspaper, a variety store that sold many types of practical items
Was it a sure thing that Ben’s businesses would succeed?
No! Many businesses fail. Ben’s succeeded because he had good ideas and worked hard. Entrepreneurs always take some risk when they start a new business.
Ben helped his city of Philadelphia in other “entrepreneurial” ways that were not directly related to his own businesses. What were they?
Formed the first circulating public library
Organized the fire department
Suggested ways to light streets, deepen the rivers, dispose of garbage, and keep people from slipping on ice during winter
As Postmaster General, he organized a speedy mail delivery system.
He helped organize a fire insurance company and a hospital
What are some of Ben Franklin’s other