Day 4
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Review
Example: (These are all successful companies, and this graph is not meant to disparage their reputation.)
Why was Ferrari placed at this location on the Price/Quality graph?
Why was Smart car placed at this location on the Price/Quality graph?
Why was The Ritz Carlton placed at this location on the Price/Quality graph?
Why was Motel 6 placed at this location on the Price/Quality graph?
Build Instructions
On the next slide, you will create your first business idea.
Write down your industry, whether you are selling a product or service, your values, and a one sentence description of the idea.
Dwight would write down the information below for his business idea.
Industry: Mentorship
Product / Service: Service
Values: In-Person, Flexibility
Description: My business idea is to provide mentoring to startups.
Business Builder
What industry do you want to start a business in?
___________________________
Does your business sell a product or service?
___________________________
Add value to your business idea.
___________________________
What is your business idea?
___________________________
Pitch Instructions
Present your business idea to the class.
Write down questions to ask your classmates.
Remember to be respectful during each pitch.
Day 4 Homework
(Complete your homework assignment on paper)
Help a family member or friend create their own business idea.
Write down their industry, product/service, values, and business idea.