📚 Topic Summary
Creating your own business is like building a really cool project! It all starts with an idea – something you want to sell or a service you want to offer. Think about what you're good at and what other people might need. Then, you need to figure out how to get the things you need to make your idea a reality, and how to let people know about your business. It's about being creative, solving problems, and making people happy with what you offer!
Even a small business, like a lemonade stand, teaches you important skills like managing money, talking to customers, and working hard. These skills will be useful no matter what you do later in life. So, let's explore how you can start your own business and learn valuable lessons along the way!
💰 Part A: Vocabulary
Match the term with the correct definition:
| Term |
Definition |
| 1. Profit |
A. The people who buy your product or service. |
| 2. Customer |
B. The money you have left over after paying all your expenses. |
| 3. Product |
C. Something you sell. |
| 4. Service |
D. An action that one does for another |
| 5. Expense |
E. The money you spend to run your business. |
✍️ Part B: Fill in the Blanks
Use the words below to complete the sentence.
(advertising, money, business, ideas, market)
Starting a __________ begins with __________! You need to know your __________, or the group of people who might buy your product. You also need to think about ___________, and how to make people aware of your __________ through __________.
🤔 Part C: Critical Thinking
Imagine you want to start a business selling friendship bracelets. What are three things you would need to do to make your business successful? Be creative and explain your reasoning!