Terms
someone who starts or owns a business
an entrepreneur
How old was Mikaila Ulmer when she started her business Me & the Bees Lemonade? (Hint: she wasn't a teenager yet)
How old do you have to be to be an entrepreneur?
Any age!
What is a business goal?
Something you want your business to accomplish/achieve in a certain amount of time
What are the benefits of starting a business?
a way to make money, do something you enjoy, you choose when you work, etc.
When you tell people about your business to get them to invest or buy from you
a pitch
What are 88% of millionaires in the United States?
Entrepreneurs
What is an entrepreneur?
Someone who started their own business
Does having a good business plan increase or decrease your chances of being successful?
Increase
What are some characteristics of a successful business?
inviting/welcoming, conveniently located, nice employees
The costs of materials and other things needed to start the business
Expenses
When was the word entrepreneur invented?
A French man named Jean-Baptiste Say invented it in the 1800s
What are the two different types of things you can sell?
a product or a service
What is a business plan?
A roadmap/outline for your business
What are some characteristics of an unsuccessful business?
taking a long time, unclean, poor money management skills