Fun with Entrepreneurship

What is a business?

• A business is an organization that provides goods or services for profit.

• A business is a social club for networking.

• A business is a government entity that regulates trade.

• A business is a type of animal.

Can you name a type of business?

• Retail

• Manufacturing

• Agriculture

• Consulting

What do you call someone who starts a business?

• manager

• shareholder

• entrepreneur

• investor

Why do people start businesses?

• People start businesses to achieve financial independence, pursue passions, gain flexibility, solve problems, and contribute to the community.

• To follow family tradition

• To avoid paying taxes

• To become famous overnight

What is a product?

• An item or service created for sale.

• A type of marketing strategy.

• A financial investment opportunity.

• A method of product delivery.

What is a service?

• A service is a physical product sold to customers.

• A service is a type of software application.

• A service is a financial transaction between two parties.

• A service is an action or work performed to assist or benefit someone.

What does it mean to sell something?

• To sell something means to donate it to charity.

• To sell something means to exchange it for money or value.

• To sell something means to keep it for personal use.

• To sell something means to give it away for free.

Can you think of a famous entrepreneur?

• Jeff Bezos

• Elon Musk

• Warren Buffett

• Mark Zuckerberg

What is money used for in a business?

• Money is used for advertising only

• Money is only for buying office supplies

• Money is used to pay taxes exclusively

• Money is used for purchasing, paying employees, investing, covering expenses, and managing cash flow.

How can you help a business grow?

• Increase prices without justification

• Reduce employee salaries

• Implement marketing strategies and optimize operations.

• Limit product offerings