PBS The Business Of Credit part 1

By Angela Royster

​PBS The Business Of Credit​

​Part 1

• What is an entrepreneur

• How to pay for start-up costs

• Discuss what a good credit score is and what it means

​In today's lesson, we will discuss

Open Ended

What is an entrepreneur?

​An entrepreneur is someone who creates, manages and takes on the risks of a business to make it a success.

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How do you get money to start a new business?

​Two major ways to get money to start a business are by saving, or getting a loan.

​Next, we will watch a video segment from the PBS series What’s Up in Finance? The video is about Anna, a fashion designer who needs a loan for her growing eco-friendly start-up.

During the video, think about how new business owners might attain the money needed to get their businesses off the ground.

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Anna needed a loan for her company so that she could

• Capacity

• Capital

• Collateral

• Conditions

• Character

Let's discuss​

The 5 C's of Credit

​Next, we will watch a short video explaining each of the 5 characteristics above.

Open Ended

What are your takeaways from today's lesson?

Today, we learned

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• What an entrepreneur is

• How to secure start-up funds

• Discuss what a good credit score is and what it means

Tomorrow, we will

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Break into small groups and pretend to be business owners that need to borrow money to get your business of the ground.

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