Day 1
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Icebreaker Activity
What is your favorite activity?
What do you want to be when you are older?
What is entrepreneurship?
Entrepreneurship is the activity of creating a business.
Businesses have been around for thousands of years (e.g. the silk road).
What is your favorite business?
Popular responses:
- Nike®
- Subway®
- H&M
Response
What is entrepreneurship?
What are your favorite businesses?
How do businesses get started?
Businesses start when someone thinks of a business idea. When the person builds their idea into a business, they are known as an ENTREPRENEUR or business owner.
Entrepreneurs can open existing businesses in new places or with a new focus (e.g. a donut shop that only sells jelly donuts).
Entrepreneurs can create new businesses (e.g. Bird scooters in cities).
Do you know any famous entrepreneurs today?
Elon Musk
– Tesla
– SpaceX
Beyoncé Knowles
– Parkwood Entertainment
Do you need to be rich to start a business?
No, you don’t need to be rich to start a business (e.g. dog walking, mow lawns).
Can a kid start a business?
Yes, a kid can start a business with an adult’s assistance.
Why would someone want to be an entrepreneur?
Money
– An entrepreneur can make lots of money if they’re successful.
– Successful entrepreneurs can become famous (e.g. Bill Gates).
– The ability to decide when to work, where to work, and what kind of work to do.
– Your business can help others live better lives.
Response
How do businesses get started?
Who are some famous entrepreneurs?
Why would someone want to start a business?
How are businesses organized?
With so many businesses around the world, how are they organized?
To organize everything, we create groups with similar characteristics.
– For food, we can organize based on food types such as fruit, meat, dairy, and sweets.
– For cities, we can organize based on what country they’re located in, such as South Africa, France, and the United States of America.
Industries
We organize businesses into groups called industries. An industry is a group of businesses that sells similar things.
Candy
+ The Hershey Company
+ See’s Candies®
Clothing
+ Vans®
+ GUCCI®
Cellular Services
+ Verizon®
+ T-Mobile
How are industries organized into smaller groups of businesses?
Industries are broken into smaller groups based on the specific things the businesses sell.
For example, let’s breakdown the sports equipment industry.
Sports Equipment (Businesses: Riddell, Under Armour®, Louisville Slugger®, Majestic)
American Football
(Riddell, Under Armour®)
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Helmets (Riddell)
- Cleats (Under Armour®)
Baseball
(Louisville Slugger®, Majestic)
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-
Bats (Louisville Slugger®)
-
-
-
Apparel (Majestic)
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Can you break down your favorite industry?
Examples:
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Fashion
-
Video Games
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Food
-
Cars
Response
How do we organize businesses?
How are industries organized into smaller groups of businesses?
Can you name some industries?
In which industry would you want to start a business?
Why do people want to become entrepreneurs? (One or more correct answers)
- To get rich
- To be famous
- To help othes
- To gain freedom
Industries are grouped into smaller groups based on the specific things they sell. (True or False)
True
What ways could the video game industry be broken down into smaller groups. (Multiple correct answers)
Computer games
Mobile games
Console games
What ways could the school supplies industry be broken down into smaller groups. (Multiple correct answers)
Pencils
Pens
Books
Laptops
What ways could the furniture industry be broken down into smaller groups. (Multiple correct answers)
Couches
Tables
Bookcases
Chairs
Day 1 Homework
(Complete your homework assignment on paper)
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Entrepreneur’s Name: ____________
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Business Name: __________________
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Positives: _________________________
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Negatives: ________________________