Today you are going to learn more about becoming an Entrepreneur.
An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created.
Now it is time to get started
Table of Contents
First Task: Preparing Questions
Task#1A
You will arrange the words to create some questions
Second Task: Read about Business Idea
Task#2A
Read the text and pay attention to the details
Mike’s Business Idea [Energy Engineer]
Hey there,
I’m Mike, and I’ve got some big plans. I would like to start a business about energy-efficient air conditioning services.
The name of the business would be: “EcoComfort Solutions” and I would install air conditioning systems powered by solar energy
I am not really sure yet but I would probably charge $300 for the installation fee.
My target customers would be property owners and developers who are as passionate about sustainability as I am.
My initial investment would be around $20 million colones.
But it won’t be easy. I have to break into this market and educate property owners and developers about the benefits of energy efficient air conditioning systems.
But here’s the thing – I see opportunities everywhere. With the demand for green solutions on the rise, there’s a real chance to make a difference.
Sure, there’s competition – local guys and big national firms. But I’ve got a plan. I will use ads, social media buzz to get the attention of potential clients
Starting small with just me and a small team of 2 people, but hey, you’ve got to start somewhere, right?
Jim’s Business Idea [IT Professional]
Hey there,
I’m Jim, and I’ve got some big plans. I would like to start a business about Hacked Website Repair services
The name of the business would be: “HackRepair.com” and I would clean hacked WordPress Services
I am not really sure yet but I would probably charge $200 for cleaning a site.
My target customers would be website owners whose websites have been hacked.
My initial investment would be around 5 thousand dollars.
I know it won’t be easy. Nobody knows who I am and my experience in Cyber Security.
But here’s the thing – I see opportunities everywhere. 30 thousand websites are hacked every day, so I guess there is plenty of work to do out there
Sure, there’s competition out there such as security plugins companies focused on WordPress
But I’ve got a plan. I will use ads, SEO for hackrepair.com and social media buzz to get the attention of potential clients
Starting small with just me and a friend , but hey, you’ve got to start somewhere, right?
Task#2B
Practice with a partner by mentioning key words and phrases from the text
Feel free to paraphrase
| Questions | Keywords |
| Type of Business | |
| Name of the business | |
| Product or service | |
| Price | |
| Target customers | |
| Initial Investment | |
| Challenges | |
| Opportunities | |
| Competition | |
| Marketing Efforts | |
| Number of employees |
Main Task: Think about your Business
Task#3A
Pair up and answer the questions based on a small business idea you have
- What kind of business would you like to have?
- What would be the name of the business?
- What products or services would you like to sell?
- What would be the price of those products or services?
- Who would be your target customers?
- How much money would you invest in that project?
- What would be the biggest challenges you will face ?
- What would be the biggest opportunities you will face?
- Who are your competitors?
- How would you market your business?
- How many employees do you need to start that business?
Task#3B
Present the business idea to your professor by answering some of the previous questions
