Vocabulary
What is an entrepreneur?
A person who organizes and operates a business.
Invention
a new process or device
How to pitch your ideas...
A few sentences describing your ideas; What problem the idea solves; How is your idea better than what is already on the market?
Each answer is worth 100 points
Pricing...
How much they are willing to spend for the product or service.
Who will help you?
Who are you going to get your supplies from?
Who is going to help you with your business?
Who does your business rely on?
Answers may vary
What is a product?
An item or service provided to others for a set amount of money.
Service
something that you can do for someone
How to get your ideas....
Do you have a special talent?
How do you help your neighbors and friends? Would others be willing to pay for that same service?
Can you improve an existing product or service?
Do you have an idea for a brand new product or service?
Each answer is 100 points
Design
what a product looks like or how a service is presented
What do you do?
What are you going to sell?
Why is it valuable to the customer?
What is a customer?
A person or persons that purchase an item or service.
Visual Art
painting, drawing, photography, crafts
How do you present a pitch?
Video presentation, fliers, make a prototype, tri-fold board with pictures and information, etc.
Answers may vary
Packaging, of a product...
what the product is placed in to sell and be displayed in
Who are your customers?
What are their characteristics? (age, where they live, habits, gender)
What is a business plan?
a document setting out a business's future objectives and strategies for achieving them
Performing Art
dancer, singer, musician, gymnast
Create your idea...
Keep it simple;
Start small and grow your business over time;
Do what you are best at.
Answers may vary.
Advertising
how you plan to tell customers about your product; fliers, videos, etc.
How do you interact with your customers?
Store, online or both
What is finances?
the management of large amounts of money
Wild Card
Share 2 additional ideas...
Answers may vary
How to determine the price of your product...
Cost of materials, cost of advertising, and what profit you will make - add up for final cost to customer.
Target customers...
who will you focus on selling the product or service to
What are your costs of production?
the cost it is to produce or run your service.