Micro Business for Teens: Starting a Micro Business Workshop Presenter Carol Topp, CPA.

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Presentation transcript:

Micro Business for Teens: Starting a Micro Business Workshop Presenter Carol Topp, CPA

What is a Micro Business? Simple and fast start-up One owner Little start-up money Low risk

What is a Micro Business? Manageable Home based Easy to close down Purpose to learn and earn

Advantages Learn a lot Business, writing, math and speaking skills Money and time management Confidence Test a future career Make money

Getting an Idea Fill a need Consider skills, abilities, interests

Getting an Idea Use others’ ideas

Services

cake-pops candy cake-decorating crafts candles Shoes skirts digital-photos costumes cooks ebooks CDs apps doggie-treats toys Products

Exercise: Page 2 Think of needs you see List your skills, interests, talents, etc. Brainstorm a business idea List 5 good business ideas

Make a Plan Concept The product or service How to measure success Marketing Potential Customers The competition How you will stand out Financial Cost Price to customers

Example: Emily's Piano Lessons Concept Service: Piano lessons Measure Success: 5 students & experience Marketing Potential Customers: Beginning students Competition: Experienced teachers Uniqueness: Charge half the competition Financial Cost: Books, rewards $25/year Price to customer: Price $8 per 30 minute lesson

Exercise: Pages 3 and 4 Create a Business Plan Fill in the Concept portion Fill in the Marketing portion Start the Financial portion

Mini Market Survey: Page 3

Sales Presentation Briefly describe your product or service 2-3 main benefits Tag line Price Contact information Call to action

“Do you dream of becoming a Jedi knight?” Price $50-$75 Brochure with phone & “Give me a call to book your party!”

Exercise: page 5 Write a tag line Write up a sales presentation Give your sales presentation to someone

MicroBusinessForTeens.com Coming soon! Fast Start Program with books, audios and video all available immediately online Books Video Podcast

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