What is an entrepreneur?
Why do people become entrepreneurs?
Own boss, help people, make money, cool idea
What game did we play this day?
Mini brainstorm business challenge
This word describes the people who might want to buy your product or service.
Target Audience
Types of Marketing
Spread the word, posters, social media, and word of mouth
Personalities of a good entrepreneur
Creative
Risk-taker
Good with money
Confident
Responsible
Problem-solver
Hard-working
Friendly
Organized
Good communicator
Profit vs. Revenue
Profit:
MONEY LEFT AFTER PAYING FOR THE EXPENSES
Revenue:
ALL THE MONEY YOU EARN FROM SELLING
If you want to start a pet-sitting business, it helps to look around and see what other pet-sitters are doing.
Competition
One example of a kid's business we looked at
Mo's Bows, Lily's Aroma, Da Bomb Bath Fizzers, and Me and the Bees Lemonade
Who is an entrepreneur?
A person who starts a business to solve a problem or meet a need.
Explain Services and Products
Service: Assistance, non tangible
Product: Tangible, functional
You want to start a lawn-mowing business. This is the first step you should take before buying a lawn mower.
Business Plan
What does it mean to have good customer service?
Be friendly, solve problems, and listen to your customers even if you think what they said is wrong
Fill in the blanks: They take ____, but they also can make ____ and help people.
Risks, Money
Explain the step "Finding a Need or Want" and "Set a Price"
Entrepreneurs look for what people want or problems people need solved.
Charge enough to cover your costs and make some profit.
This is something special your business does that helps it stand out from others.
Special Idea
This type of attitude helps business owners stay positive, solve problems, and keep going when things get tough.
Growth Mindset