Oprah Winfrey, first ever African American woman billionaire. Voted class favorite entrepreneur.
Class Review, Day 1 & 2
What is an entrepreneur?
An entrepreneur is a person who starts his or her own business in hope of earning a profit. Profit is income earned after all your expenses are paid.
The 'Big 4', as an entrepreneur you must:
1. Fill A Need: know what is needed in your area and know your potential competitors
2. Research: Know your customer and your product (or service). Have expert knowledge of both the customer and the product.
3. Be Creative and Innovative: think outside the box, look for new and different solutions to needs that have been identified
4. Believe in Yourself and Love what you do: Know your likes and passions, skills/abilities, and work to improve them.
Vocabulary Review
Business: A company or organization that buys or sells products or product services
Customer: A person who purchases a product or service
Entrepreneur: A person who starts his or her own business in hope of earning a profit
Innovative: To create something new, original, or groundbreaking
Product: An item created for sale, like cookies or computers.
Service: Providing something useful, like babysitting or animal care.
Profit: Income earned after all expenses are paid
Class Chat: Today we played a quiz game and learned about famous entrepreneurs and how they got their start. We talked about Bill Gates, Steve Jobs, Jennifer Lopez, Oprah Winfrey, and Madame CJ Walker, some entrepreneurs were very young when they started their businesses. All of these entrepreneurs decided to pursue their passions and make money doing what they loved the most.
There seems to be a lot of energy and excitement over staring your own businesses, we will get there, I promise. All of our classes are building to you starting your own business at HSOBX, we just need a little more time. You all did very well playing with your teams.
For Next Week: Be ready to work in teams building a 'Kid/Teen Center' this is a group activity and it will help you focus on really getting to know and understand the needs of your customers. You will each also being getting your own person 'business file' and this will be used as journal and record keeping for the class.
Things to Think About:
Why do I want to be an entrepreneur?
A perfect day to me would be,...
My idea of a perfect job/business is:
How am I like the entrepreneurs I learned about? Am I interested or good at the some of the same things they are/were?
Four of my major interests are:
Dreaming Big:
If I could do anything I wanted, I would start a business that makes or provides:
There is no real homework for this week, but be thinking about your answers to the questions above, you will be journaling your answers in your chosen format (written or drawn) in your business file.
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