6th Grade Creating Your Own Business

​Today we will learn...

• ​Definition and traits of an Entrepreneur

• ​Goods vs. Services

• ​Consumers vs. Producers

• ​Calculating Profit

Open Ended

What is an Entrepreneur?

Open Ended

What are some traits or qualities of an Entrepreneur?

​DISCUSS WITH YOUR GROUP:

​What are some GOODS that you could sell at the SWEBS store?

Multiple Choice

Which of the following is NOT a service?

• Car Repair

• iPhone

• Wifi

• Haircut

​Questions to Consider When Starting a Business...

• Are you selling products or services?

• Who are your consumers?

• ​How will you attract customers? (advertising efforts)

• ​Who is your competition?

• What is your budget? ($50)​

• How much will you charge customers?

​BRAINSTORM WITH YOUR GROUP:

​What are some ways your class can attract customers?

Fill in the Blanks

You spent $10 on the ingredients to make pumpkin cupcakes. You sell all the cupcakes you make, getting a revenue of $50. What is your profit?

​Practice being an Entrepreneur!