How would you explain/display Entrepreneurship for a group of 17-year olds?
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M$6 Answers
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M$
Explain to them the differences between owning your own business and working for others, with all of the pros and cons of each. I would emphasize that being an entrepreneur is not right for everyone and identify the personality traits and skills that make one a successful business owner.I would also discuss all of the aspects of owning a business that a person has to consider, such as risk, knowledge, capital, and labor.
For a more hands on understanding of entrepreneurship versus working for someone else, allow the group to brainstorm for ideas for a new company together. Let them work together to decide leadership roles and other roles in the new "company" and play those roles out. I think you will be impressed what a group of kids this age can come up with on their own.
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M$
The difference between 'working for' and 'working on' a business is patience, sacrifice, dedication, persistence, preserverance, sacrifice....yeah, it needs to be said twice. When you work for someone else, your day is done when you punch out, get a weekly paycheck and your weekends are your own. However, when you decide to venture off on your own, your life is no longer your own. You belong to your clients/customers in the very early stages. You may be up until 10/11 at night working on proposals, marketing concepts, etc on how to get your name out there. Week after week will go by and no steady paycheck. It's one of the scariest moves and toughest things to start out doing, but if you can hold out and preservere, the rewards are worth it.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
