WHAT IS AN ENTREPRENEUR?
See if you can define this term using the following words:
-person
-business
-risk
-profit
What is your definition?
CAN YOU THINK OF A MODERN DAY
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?
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!
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.)
PHILANTHROPY
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.
IT IS TIME TO MEET SOME
ARKANSAS ENTREPRENEURS
Complete your foldable as you go
through the following slides.
DELBERT E. ALLEN, SR.
Delbert Allen turned a
small vegetable
canning factory into
one of the largest
privately held
vegetable canning
facilities in the U.S.
Mr. Allen helped to
improve his
community by
encouraging
education and
improving the
medical facilities.
HARVEY COUCH
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.
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.
WILLIAM T. DILLARD, SR.
William Dillard began
with one store in
Nashville,
Arkansas, but
when he retired he
owned the third
largest retail chain
in the United
States.
BARBARA GRAVES
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.
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.
JOHNELLE AND J.B. HUNT
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.
The Hunts supported
many charities,
(such as March of
Dimes), education,
(scholarship at the
U of A) and arts
organizations.
JERRY JONES
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.
Two 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.
ERNEST JOSHUA
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-Americanowned company
in Arkansas.
The Joshua family is
known for contributing
to college
scholarships, drugfree programs,
academic -help
programs and other
community projects.
F. SHERIDAN GARRISON
He organized
American
Freightways,
which became
the fourth largest
less-thantruckload carrier
in the country.
Mr. Garrison supported
education and
athletics. He donated
money and land to
build a modern
football stadium for
the Harrison public
school district.
DAVE GRUNDFEST, SR.
Dave Grundfest
was the cofounder of the
Sterling Stores
in Arkansas and
also founded
the discount
chain,
MagicMart.
Mr. Grundfest was
actively involved in
the Chamber of
Commerce, the
YMCA and the Rotary
Club. He also cofounded the
Grundfest
Foundation for the
Education of Youth.
FRANK HICKINGBOTHAM
Frank
Hickingbotham
founded TCBY.
Under his
direction the
company grew
to be one of the
largest
franchises in the
world.
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.
HARVEY JONES
Harvey Jones
founded Jones
Truck lines and
turned it into one
of the largest
privately owned
and operated
truck lines in the
U.S.
Mr. Jones was very
supportive of
educational and
health programs.
He funded such
things as schools
for special children
and library facilities.
SISSY JONES
Sissy Jones
began her
jewelry store in
a log cabin and
built it into the
largest
independent
jewelry store in
Arkansas.
Mrs. Jones serves
on various
boards in her
community and
teaches Sunday
School at her
church.
CHARLES D. MORGAN
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.
Mr. Morgan supports
educational
endeavors. For
example, he
served many years
on the Hendrix
College Board.
DONALD M. MUNRO
Donald Munro
laid the
foundation for
the largest U.S.
shoe
manufacturer.
Mr. Munro is a
philanthropist
who is committed
to the arts, the
environment, the
Red Cross and
the Boy Scouts of
America.
CHARLES H. MURPHY, JR.
Charles Murphy
built the
Murphy oil
company (of El
Dorado) into an
international
oil and gas
organization.
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.
WHIT AND JACK STEPHENS
Whit and Jack
Stephens
created a
brokerage
business that is
one of the
largest off-WallStreet firms in
the U.S.
Whit
Jack
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.
DON TYSON
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.
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.
SAM WALTON
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.
The Walton family has
made many
contributions
through the Wal-Mart
Foundation.
Primarily, education
and the arts have
benefited from the
foundation.
FORREST L. WOOD
Forrest Wood
founded
Ranger Boats
and built it into
the largest
manufacturer
of bass boats
in the U.S.
Mr. Wood served
several years on
the Arkansas
Game and Fish
Commission.
Crowley’s Ridge
Nature Center is
named for him.
ALBERT R. YARNELL
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, nosugar-added ice
cream.
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.
LET’S REVIEW!
Which entrepreneur
opened an
“intimate” fashion
store in Little Rock?
A. Barbara Graves
Which entrepreneur
turned an oil
company into an
international oil and
gas organization?
C. Charles H. Murphy
B. Albert Yarnell
REVIEW
Which entrepreneur
invented one of the first
non-fat, no-sugar added
ice cream?
Which entrepreneur
organized Acxiom into a
billion dollar
corporation?
A.
Charles D. Morgan
B.
Frank
Hickingbotham
C. Albert Yarnell
REVIEW
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
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
This entrepreneur built the
family business into the
largest chicken business in
the U.S.
REVIEW
I laid the foundation
for the largest U.S.
shoe manufacturing
company.
I organized American
Freightways into the fourth
largest less-than-truckload
company in the U.S.
A.
Donald L. Munro
B. Forrest L. Wood
C.
F. Sheridan Garrison
REVIEW
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
My truck company
became the largest
privately owned truck line
in the U.S.
My ethnic hair care
company was the largest
African-American-owned
company in Arkansas.
A. William T. Dillard,
Sr.
B. Ernest Joshua
C. Harvey Jones
REVIEW
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
We built an Arkansas
based transportation and
logistics** company
* 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.
REVIEW
I owned the third
largest U.S. retail
chain by the time I
retired.
I was the founder of
the largest
corporation* in the
world.
* 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.
A. Jerry Jones
B. William T.
Dillard, Sr.
C. Sam Walton
REVIEW
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
IS ANYONE ALREADY AN ENTREPRENEUR?
What kind of business do you have?
Can anyone think of a business they could
organize?
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!