business101
What is a business?
A business is when you sell something or offer a service to make money.
What is a product?
Something you can touch and buy?
Who owns a business?
An owner or entrepreneur.
What is service?
Work you do for someone else.
What is an entrepreneur?
Someone who starts a business.
What do businesses make?
Money ( Profit )
What is profit?
Money left after paying costs.
Name one kid business idea.
Lemonade stand.
What are costs?
Money spent to run the business.
Why do people start businesses?
To make money and help people.
What is brainstorming?
Thinking of many ideas.
Name a fun business kids can start
Dog walking
Should your business solve a problem?
Yes
What help you pick a business idea?
Your interests and skills.
What is a target customer?
People who will buy from you.
Why is choosing the right idea important?
Its help your business succeed.
What is a business plan?
A plan for how business will run.
What goes in business plan?
Ideas, Cost, Prices, Goals
What is budget?
A money plan.
Why track money?
To know profit or loss.
What is income?
Money coming in.
Why make a plan?
To stay organized.
What is an expense?
Money going out
What is a goal?
Something you want to achieve.
What is a budget?
A money plan.
What is a business name?
The name of your company.
Why is a name important?
It helps people remember you.
Where do logos go ?
Signs, Shirts , Ads
What is a logo?
A picture symbol for your business.
What is branding?
How your business looks and feels
Why make a slogan?
To sound catchy.
Why save business money
For supplies or growth
What is saving?
Keeping money for later.
Why save business money?
For supplies or growth.
What is profit used for?
Saving or reinvesting
What is marketing?
Promoting your business
What is advertising?
Telling people to buy.
Name a marketing tool.
Flyers
Another marketing idea?
Social media.
What is word of mouth?
People telling others
Why offer samples?
To try products.
What builds trust?
Good service.
What if a customer complains?
Listen and fix it.
What is honesty?
Telling the truth.
What is a customer?
Someone who buys.
What are supplies?
Items needed to sell.
Why track inventory?
To avoid running out.
What is inventory?
Products you have.
What is teamwork?
Working together.
Why is teamwork important?
Helps business run smoothly.
What is business growth?
Getting bigger
How can businesses grow
More products
What is feedback?
Customer opinions
What is success?
Reaching goals.
Another way to grow?
More locations
First steps to start a business?
Pick an idea.
Second step to start a business?
Make a plan.
Third step to start a business?
Get supplies
Fourth steps to start a business
set prices
Fifth step to start a business
Advertise