What It Takes
Who is the founder of Disney World
Walt Disney
What is an entrepreneur?
An entrepreneur is a person who starts and runs a business.
How can you get more customers?
By offering discounts, making good advertisements, or asking happy customers to tell their friends.
What should you do if your business is not making money?
Try a new product, advertise more, or change your prices.
What is a product?
A product is something you can sell, like a toy, food, or clothing.
What two things can businesses sell
a product and/or service
What happens if you spend more money than you make?
Your business will lose money, and you may need to find ways to cut costs or increase sales.
What makes a business successful?
Hard work, good ideas, and happy customers.
What is a service?
A service is something you do for others, like babysitting or dog walking.
What is a business plan?
A business plan is a guide that explains what a business will sell, how it will make money, and what it needs to get started.
What is a brand?
A brand is the name, logo, and style that makes a business special and easy to recognize.
What is advertising?
Advertising is how businesses tell people about their products, like making posters or social media posts.
What is profit?
Profit is the money you make after paying for costs.
If you sell a lemonade for $2 and it costs $1 to make, how much profit do you make?
$1 Profit
What is competition? example: who does walmart compete with?
Other businesses that sell the same thing as you.
What are business expenses?
Things you have to pay for to run a business, like supplies or rent.