In one sentence, what is entrepreneurship?
Entrepreneurship: the process of identifying, developing, and launching a new business venture. Risk: the chance of an unfavorable outcome or loss. Opportunity Cost: the cost of a missed opportunity when you choose one option over another.
The average age of a successful entrepreneur is 40 years old. The majority of start-up businesses are owned and operated by people who are 45 years old and younger. The number of women entrepreneurs in the U.S. has grown by nearly 40% since 2007.
Did you know?
What are the benefits and risks of becoming an entrepreneur?
What qualities do successful entrepreneurs possess?
What skills or knowledge do you have that could help you become an entrepreneur?
What challenges do you anticipate you might encounter if you become an entrepreneur?
Brain break: Draw an elephant with sneakers doing a handstand
Which of the following is a characteristic of a successful entrepreneur?
- Avoiding challenges
- Lack of creativity
What is the term for the process of identifying and evaluating potential business opportunities?
- Market analysis
- Product development
- Opportunity recognition
Which one below is not a common source of funding for startups?
- Venture capitalists
- Angel investors
- Personal savings
A 7th grade student named Sarah started her own jewelry business, creating and selling handmade bracelets to her classmates. She used social media to promote her products and managed to make a profit within a few months.
Example: Young Entrepreneur
You are going to create a business plan to sell a product and your classmates will vote on the best product whoever wins will get a prize next week
- Group 1
- Group 2
- Group 3
- Group 4
- Group 5
- Group 6