What is an Entrepreneur?

• An Entrepreneur is a person who builds businesses that make money.

How does an Entrepreneur Make Money?

• An Entrepreneur Makes money in one of 4 ways:– Buy and Sell– Buy and Rent– Create and Sell– Create and Rent

Exercise

Exercise Review• What did you think of that exercise?• Entrepreneurs are constantly coming up with

new ideas that they turn into a business.• Most of the new products and services that

we enjoy today were created by entrepreneurs.• Sometimes in their own garage!

S

Could I Be An Entrepreneur?

Lesson 2 Activity

Coming Up with a Great Idea

Where do great ideas for a business come from?• Some of the best products or

services in the world today came from:• Creating a solution for a problem• Making people’s life easier.

•  For example:– IPhone - replaced a lot of electronic gadgets.

– Phone, web, music, apps, etc. all in one place.

ExerciseWhat problem do you think the following products or services solved?• Email• IPad• Electronic Car• Skype• Facebook• Texting

Group Activity

Summarizer• What did you think of this exercise?• How hard or easy was it to come up

with a solution?• If you found a solution to a problem,

who else do you think can use that solution?

Lesson ReviewAn Entrepreneur is a person that builds businesses that make money.   An Entrepreneur makes money in 1 of 4 ways:• Buy and Sell• Buy and Rent• Create and Sell• Create and Rent

The source of many products and services come from solving problems that people have.