205: Educational Summer Activity Series: Part 4: Build a Business in 10 Days, Day 6-10

English - July 21, 2023 12:05 - 25 minutes - 17.9 MB - ★★★★★ - 43 ratings
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Kid Entrepreneur Project that allows their imagination to go beyond!

(Day 1-2) Brainstorm Ideas for a Problem they can Solve

(Day 3-5) Do Market Research

(Day 6-7) Create a Business

Name (Come up with a Few & Have the family Vote!)

What does their business do & what problem will it solve?

List of Products (Keep it Simple: 1-3)

Would their business be brick & mortar or online?

Who is their target market? (ages, boys, girls, gamers, athletes, etc)

(Day 8-9) Let's Talk Money

Cost to Start?

Cost of Products?

How many product/ services do you need to sell to profit?

How long would that take?

How & Where will you sell it?

(Day 10) Can they start this now?

Is this a business they can start now?

YES: put it into motion with real dates & goals

NO: What would be a better timeframe?

What do they need to do to start it up?

Funding

More research

Developing the product

-Kawai