Overview of Today s Class 1 2 3 4

Overview of Today’s Class 1. 2. 3. 4. Introducing Junior Achievement Discussion of today’s concept: starting a business Activity in groups – what’s your big idea? Review what we learned today

Introducing Junior Achievement

Why it’s important

Today’s concept: Starting a business n Let’s brainstorm some businesses

What is a business? An organization that sells goods or services to make a profit. n What’s a good? What’s a service? n What’s a profit? n

Where do businesses come from? People with ideas n The people who start new businesses based on their ideas are called entrepreneurs n

What makes entrepreneurs special?

Innovation!

Free enterprise Have you heard of the “free enterprise system”? n The kind of economy that lets people start new businesses based on their own ideas is called a free enterprise system n That kind of system also lets people choose what kind of job they want to do, and what kind of goods or services they want to buy. n

In a free enterprise system, how do businesses convince people to buy their goods or services? Advertising

Activity – What’s your big idea? We’ll divide into groups of about four students n Each group will get a business topic card n Read the card and the questions about making a new business based on your ideas n As a team, come up with a new business idea and an advertising plan to convince people to buy it n Pick a representative to present your idea to try convince the class to buy it n

Review n Businesses n Entrepreneur n Goods n Innovation n Services n Free Enterprise n Profit n Advertising