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

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Presentation on theme: "Micro Business for Teens: Starting a Micro Business Workshop Presenter Carol Topp, CPA."— Presentation transcript:

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

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

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

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

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

6 Getting an Idea Use others’ ideas

7 Services

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

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

10 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

11 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

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

13 Mini Market Survey: Page 3

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

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

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

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


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