Session 1: Introduction to Entrepreneurship
What is Entrepreneurship?
ACTIVITY: Let’s Discuss. Students at home can copy and paste these in their Business Development Document (BDD). (The new document you created to take notes)
What is your greatest strength?
What is your biggest fear?
If you had one wish, what would it be?
ACTIVITY: WHAT IT TAKES TO BE WORLD CLASS BUSINESS LEADER Students….WHO CAN READ THROUGH THESE? 1. Vision and Ideas: Every business starts with a vision or an idea. 2. Risk-taking: Entrepreneurs often take risks. They believe in their ideas and invest time, money, and effort, not knowing if they will succeed or fail. 3. Planning: With a great idea in mind, entrepreneurs need a roadmap. This is often in the form of a business plan. It's like a guide that details what the business is about, who it will serve, and how it will operate. 4. Resources: Starting a business often requires resources. This can be money, materials, or even people with the right skills. 5. Determination: Every entrepreneur will tell you that there will be challenges. It's the drive, passion, and determination that keep them going even when things get tough. 6. Benefits to Society: Entrepreneurs don't just benefit themselves. They create jobs, introduce new products and services, and can even help solve problems in the community. Entrepreneurship is a thrilling journey, filled with ups and downs. It's about seeing possibilities, taking action, and bringing something new into the world. And remember, every big company today started as just a simple idea in someone's mind.
Activity: Things to think about: (Instructor can ask these)
Take a minute to think of something you wish existed but doesn't.
Write/Note Down in Your Business Development Document (BDD) your ideas. You can Copy and Paste the questions.
In a classroom setting students can brainstorm together. Students at home can ask a friend or family member.
What resources might you need to turn that idea into reality?
Are there ways you could help your local community?
What problems exist in your community?
Imagine you started a business that could help out.
What would that be? What problem would it solve?
The Importance of Entrepreneurship
ACTIVITY: Famous Entrepreneurs
Instructor ASKS: WHO IS______? (Choose an entrepreneur from this list) Students can respond.
1. Steve Jobs (Apple):
Jobs co-founded Apple in his parents' garage. Today, Apple is one of the world's most valuable companies. His story teaches us about persistence, innovation, and thinking differently.
2. Oprah Winfrey (Media mogul):
Oprah faced many challenges growing up but went on to become a media giant with her talk show, magazine, and television network. She's a prime example of how resilience and passion can lead to success.
3. Madam C.J. Walker (Haircare products):
Madam C.J. Walker is recognized as the first female self-made millionaire in the U.S. She developed and sold a line of cosmetics and haircare products for black women. Her success demonstrates the importance of finding a niche and serving it well.
4. Elon Musk (Tesla, SpaceX):
Musk is known for his ventures in electric cars and space exploration. From PayPal to Tesla, his story showcases the importance of vision and pushing the boundaries of what's possible.
Entrepreneurs come from all walks of life, each with a unique story and journey. What they share is a vision, determination, and the courage to take risks. Remember, every big success starts with the decision to try.
ACTIVITY: Discussion
Have you ever had an idea that you thought could be turned into a product or service?
(Document in your BDD)
Share and discuss with the class!
Basic Economics: Understanding Supply and Demand
CLASS ASSIGNMENT:
Text or call 3 people (or email if you don’t have a phone) (parents/grandparents/relatives) and ask them to give you one piece of advice to be a leader in life. Take 5-7 minutes to reach out, then share with the class who those people are and what they said!
Here is an optional script: “Hey ______! I’m taking an entrepreneur class and I’d like to ask you to give me one piece of advice on how to live a successful life.”
VIDEO TRANSCRIPTION
Today, let's explore entrepreneurship, which is all about turning your creative ideas into real businesses. Imagine you have a passion for something, like crafting or inventing games. Instead of keeping these ideas to yourself, entrepreneurship encourages you to share them with the world. It's like being an inventor, a problem solver, and an explorer all at once!
Entrepreneurs find problems or needs in the world and create new solutions. They invent products, services, or experiences that improve people's lives. Think about everyday things – someone had to come up with the idea and make it real. That's what entrepreneurs do!
Being an entrepreneur requires key skills like creativity, determination, and adaptability. You need creativity for unique ideas, determination to keep going when things are tough, and adaptability to adjust your plans as the world changes.
Starting a business isn't always easy, but it's incredibly rewarding. It's like embarking on an exciting adventure where you learn, grow, and make a positive impact on the world. So, as we explore entrepreneurship, keep your creative ideas flowing, stay curious, and dream big!
The Importance of Entrepreneurship
Wondering why starting your own business or being an entrepreneur matters? Let's explore why it's important together.
First, entrepreneurship drives innovation. Think about the cool gadgets, apps, and services you use daily – entrepreneurs came up with those ideas and made them real. They're like creative problem-solvers who find solutions to challenges.
Entrepreneurship also boosts the economy. When people start businesses, they create jobs, which means more people can earn a living. This leads to stronger communities and economies, benefitting everyone.
Personal growth is another key aspect. Being an entrepreneur teaches responsibility, time management, goal setting, and how to handle challenges. These skills are valuable for life, even if your business doesn't become a big success.
Entrepreneurship encourages creativity and thinking outside the box. Entrepreneurs don't stick to old routines; they come up with fresh ideas that can change how we live and work. They take risks and try new things, leading to exciting discoveries.
Lastly, entrepreneurship empowers you to make a difference. Instead of just complaining about problems, you can take action and find solutions. Your ideas and efforts can create positive change and improve many lives."
Basic Economics: Understanding Supply and Demand
Let's explore the basics of economics by talking about supply and demand. Picture a school bake sale with delicious cupcakes. Ever wonder why some cupcakes disappear fast while others sit around? That's where supply and demand come in!
Supply means how many cupcakes are available at the sale. It's like asking, "How many cupcakes can you buy?" Demand is how much students desire those cupcakes. Think of it as, "How badly do they crave them?"
When supply and demand meet, they set the price. If there are lots of cupcakes and few takers, the price is lower because there's more to go around. But if everyone wants cupcakes and there are only a few left, the price goes up.
Understanding this helps us grasp how markets work. It's like a seesaw. Sellers want good prices, buyers want good deals. When supply and demand match, both buyers and sellers are happy.
So, when you're shopping, be it for cupcakes or anything else, remember supply and demand determine prices. As you learn more about economics, you'll understand the world of buying and selling better."