Unleashing the Entrepreneurial Spirit | Nurturing the Business Mindset

PUBLIC SPEAKING & DEBATE | SENIOR CLASS LEVEL 1

UNLEASHING THE ENTREPRENEURIAL SPIRIT NURTURING THE BUSINESS MINDSET

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CLASS INTRODUCTION

Welcoming Remarks Welcome back to class, everyone! If this is your first class, we’re very excited to meet you! Before moving on to our lesson, let’s all introduce ourselves.

Tell us your:

Name

Age

Favourite subject in school

Fantastic! Now that we all know each other, we are ready to embark on an exciting journey of learning.

Along the way, you will discover new ideas, practice thinking on your feet, build your confidence when speaking in front of an audience, and develop your critical thinking skills.

Expectations

1 2 3 MODULE BY

Thrilling activities awaits The activities will keep you on the edge of your seat!

Give awesome speeches!

We'll have a chance to speak up and get helpful feedback!

Active participation I'll call on your wacky ideas to make this class extra special.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

Reminder: Class Rules Now that we all know each other, let’s make this class into a proper classroom!

Here are some rules that we will all follow together:

Before Class 1. Make sure that you’ve eaten breakfast/lunch and have gone to the bathroom 2. Join the Zoom call a few minutes before class starts so we can get started right away!

At the Start of Class 1. Turn your camera on so we can see your lovely smile!

2. Let your coach know if you need to leave class early

During Class 1. Keep your camera on unless you are preparing during an activity 2. Put your hand up if you want to say something 3. Do not leave your computer during class - if you need to go to the bathroom, put your hand up and ask your coach before you go 4. Immediately unmute yourself and reply when you are called on

UNLEASHING THE ENTREPRENEURIAL SPIRIT

CLASS INTRODUCTION

INTRODUCTION

Today, you'll be joining us on an exhilarating journey into t of entrepreneurship where you will unleash your potential. We will learn what it takes to be a su entrepreneur, using important tools to get through challenges. During the class, we will be developing e presentation and negotiation skills that every entrepreneur

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the field creative uccessful difficult essential r needs.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

CLASS ROADMAP PART 1 Is it worth it?

Warm-up Activity

Introduction to Entrepreneurship The Reverse Brainstorming Game Activity

PART 3 An Uphill Battle (Metaphor)

PART 2 A Person With A Plan

Challenges faced by entrepreneurs in different types of businesses How governments can help entrepreneurs Why governments want to encourage more entrepreneurs

Welcome to the Shark Tank Main Activity

How to make a business successful Key skills required to become a top entrepreneur

Let’s Get Metaphorical

SYMBOL OBJECTIVES:

Skill Based Training Key takeaway Question Speaking Activity Fact Dictionary

CLASS INTRODUCTION

Overview

By the end of today’s class, you’ll learn:

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s

UNLEASHING THE ENTREPRENEURIAL SPIRIT

What is entrepreneurship?

What does it take to be a successful entrepreneur?

Challenges faced by entrepreneurs Effective use of metaphors in speeches

UNLEASHING THE ENTREPRENEURIAL SPIRIT

CLASS INTRODUCTION

Is it wort

Warm-up Ac

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th it?

ctivity Time

3 mins: Prep 1 min: Speak

Rules Think of the most expensive item that you own or use regularly.

Do you think it is worth the price? Justify your answer.

Here are a few guidelines to think about whether that item is worth it or not.

1. How often do you use it?

2. Does using it increase your overall productivity?

3. How would your life be impacted if you had to stop using it from tomorrow?

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 1

INTRODUCTION TO ENTREPRENEURSHIP

Is it worth it?

Warm-up Activity

Introduction to Entrepreneurship The Reverse Brainstorming Game Activity

An Uphill Battle (Metaphor)

Challenges faced by entrepreneurs in different types of businesses How governments can help entrepreneurs Why governments want to encourage more entrepreneurs

A Person With A Plan

How to make a business successful Key skills required to become a top entrepreneur

Let’s Get Metaphorical

Skill Based Training

Welcome to the Shark Tank Main Activity

PART 1: INTRODUCTION TO ENTREPRENEURSHIP

WHAT IS ENTREPRENEURSHIP? Entrepreneurship is the process of identifying, creating, and developing new business ideas or opportunities.

Entrepreneurs are individuals who look to create products and services and then form them into a business.

Entrepreneurs take on the responsibility of managing these ventures, keeping them running, and looking for growth opportunities whenever possible.

You are an entrepreneur if you are running your own business, regardless of the size of the business or how much you earn. Bill Gates is an entrepreneur because he created and managed Microsoft. The Hot Dog vendor outside your school is also an entrepreneur.

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UNLEASHING THE ENTREPRENEURIAL SPIRIT

EXAMPLES OF SOME FAMOUS ENTREPRENEURS ARE:

OPRAH WINFREY

BILL GATES

ELON MUSK

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 1: INTRODUCTION TO ENTREPRENEURSHIP

TYPES OF ENTREP ON THE SIZE OF

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Micro or Solo Entrepreneur

Small Busin Entreprene

Size

Very small business

Larger than micr

Employees

Starts from 1 to less than 10.

10 to 49 employee

Operations

Within the local area market

Cater to loc markets as w

Examples

Freelancers (solo), small local retailers

Departmental st local restaurants,

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PRENEURS BASED F THE BUSINESS

Medium-sized business entrepreneur

Corporate Entrepreneur

Grow far beyond small stages with a broader revenue and customer base

Very large organizations

es

50 to 249 employees

At Least 300 employees working full-time

cal well

Operates in multiple markets/areas

Operates all over the nation and maybe internationally as well

Legal firms, dental offices.

Oil companies, international banks.

ness eur

ro

tores or Startups

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PART 1: INTRODUCTION TO ENTREPRENEURSHIP

WHY DO PEOPLE CHOOSE TO BECOME ENTREPRENEURS? Independence and Autonomy Those who choose to become entrepreneurs do so because it gives them the freedom to make their own decisions and run things the way they want. You have control over work and schedule leading to a healthy work-life balance.

Passion for their idea and innovation As an entrepreneur, individuals can be innovative and turn their passion into reality. Getting to build what you love is very satisfying.

MODULE BY Independence Those who choose to become entrepreneurs do so because it gives them the freedom to make their own decisions

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Financial aspect Running a successful business enables you to make a lot more money than you would have if you decided to do a 9 to 5 corporate job.

UNLEASHING THE ENTREPRENEURIAL SPIRIT and Autonomy and run things the way they want. You have control over work and schedule leading to a healthy work-life balance.

PART 1: INTRODUCTION TO ENTREPRENEURSHIP

WHY DO PEOPLE CHOOSE TO BECOME ENTREPRENEURS?

Impact on community Entrepreneurs are excited by the idea of creating new jobs and making positive impacts on their communities.

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More control over life Those who choose to become entrepreneurs do so because it gives them the freedom to make their own decisions and run things the way they want. You have control over work and schedule leading to a healthy work-life balance.

Out of the 5 reasons mentioned in the previous section; which would motivate you the most to try and become an entrepreneur?

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PART 1: INTRODUCTION TO ENTREPRENEURSHIP

WHY DON’T PEOPLE CHOOSE TO BECOME ENTREPRENEURS? Job security and safety Traditional jobs offer better job security and stability. Owning a business means you don’t have assured income each month, plus the business may go down at any moment.

Lifestyle Preferences As an entrepreneur, individuals can be innovative and turn their passion into reality. Getting to build what you love is very satisfying.

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Lack of Entrepreneurial spirit Entrepreneurship is a demanding job and requires a lot of patience, resilience, and a willingness to take losses but still keep fighting. A lot of individuals may not want to take up this burden.

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PART 1: INTRODUCTION TO ENTREPRENEURSHIP

WHY DO PEOPLE CHOOSE TO BECOME ENTREPRENEURS?

Immediate financial need Some people may need immediate financial assistance for themselves or their families.

Not everyone can afford to invest a significant portion of their savings into a business venture. Plus, these usually take a long time to generate profit.

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Stability and Benefits Traditional employment often comes with benefits such as health insurance, retirement plans, and paid leave. Often entrepreneurs, especially of struggling businesses, might not be able to enjoy these comforts.

Out of the 5 reasons mentioned in the previous section; which would motivate you the most to not become an entrepreneur?

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 1: INTRODUCTION TO ENTREPRENEURSHIP

A DIFFERENT BREED OF E

While the primary motivation for the majority of entrepreneurs

Social Entrepreneurs These are people who establish and operate businesses with the primary goal of creating a positive social impact.

Example: Low-cost schools, hospitals

Non-Profit Founders These are entrepreneurs who have established NGOs to help people in need.

Example: BRAC Bangladesh is the largest NGO in the country. BRAC provides a range of programs for the development of rural Bangladesh.

Fun fact: Malala Yousafzai is one of the biggest social entrepreneurs in her social enterprise known as the Malala Fund.

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ENTREPRENEURS

s is to become wealthy, some become entrepreneurs to help society

Philanthropic entrepreneurs These are people who establish large businesses to generate profit that can be reinvested into good social causes.

Examples: Bill Gates and Melinda Gates, who run the Bill and Melinda Gates Foundation. The foundation issues grants to WHO, UNICEF, and many other organizations.

Art and Culture Promoters Entrepreneurs who prioritize preserving and promoting art, culture, and heritage might establish initiatives like cultural centers, art galleries, and events that celebrate local traditions

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 1: INTRODUCTION TO ENTREPRENEURSHIP

The Reverse Brainstorming Game Theme-Based Activity Time

2 mins: Prep 1 min: Speak

Rules You will be given a scenario with a problem. Instead of thinking about the solution you have to imagine how the problem might get worse.

Here is an example: Scenario: You are late for a meeting and stuck in traffic. How can this get worse?

Answers: 1. Your car breaks down 2. It starts raining 3. You don’t have any network on your phone to call an Uber/taxi

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Guidelines: Be creative, use your imagination. You can try and think of solutions and then find out what events would lead to these solutions not working out.

The Scenarios

You are in the school library desperate to finish the syllabus before the exam tomorrow.

There are a lot of people gossiping which is making it difficult to concentrate.

You are in line at the bank waiting to withdraw some cash.

There are 10 people ahead of you and the line seems to be moving too slowly.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 1: INTRODUCTION TO ENTREPRENEURSHIP

CONGRATULA ON COMPLETI THE ACTIVITY What was the point of this activity?

1. Entrepreneurs do not always need to come up with solutions 2. Being a good entrepreneur also means being able to identify challenges that you might face

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ATIONS ING Y!

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PART 2 A PERSON WITH A PLAN

Is it worth it?

Warm-up Activity

Introduction to Entrepreneurship The Reverse Brainstorming Game Activity

An Uphill Battle (Metaphor)

Challenges faced by entrepreneurs in different types of businesses How governments can help entrepreneurs Why governments want to encourage more entrepreneurs

A Person With A Plan

How to make a business successful Key skills required to become a top entrepreneur

Let’s Get Metaphorical

Skill Based Training

Welcome to the Shark Tank Main Activity

PART 2: A PERSON WITH A PLAN

A PERS WITH A

The following is a lis businesses need to d

1. M

Under target This le in the

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SON A PLAN

st of things that all successful do to be successful

MARKET RESEARCH

rstanding who you want to sell to; your t audience, their preferences, and needs. eads to identifying potential opportunities market.

2. FINDING OUT YOUR COMPETITIVE ADVANTAGE Figuring out what you provide that your competitor can not. If two companies sell a similar product, how do you differentiate between the two? It may be in terms of the quality of the product, or the price difference.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

A PERSON WITH A PLAN The following is a list of things that all successful businesses need to do to be successful

3. MARKETING STRATEGY Develop a marketing plan on how you want to reach consumers and make them want to buy and pay for your product or service. Examples of marketing strategies are advertisements on TV, social media, billboards, and digital influencers

4. LONG-TERM FINANCIAL PROJECTION A comprehensive plan to monitor the flow of money in and out of the company. Owners must make sure their business earns more than it spends.

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UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

A PERSON WITH A PLAN The following is a list of things that all successful businesses need to do to be successful

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5. CONSTANT INNOVATION Must come up with new ideas to make the business more efficient or products/services more desirable to stay ahead of the competition.

6. QUALITY OF PRODUCT AND SERVICE To remain successful you need to make sure your employees are working hard and doing their best.

Plus, you must make sure that your products are of good quality.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

A PERSON WITH A P The following is a list of things that all successful businesses need to do to be successful

7. CUSTOMER EXPERIENCE AND FEEDBACK Regularly take feedback from your customers.

Hear their experience with your product and what you can do to improve. This keeps customers happy as they feel more valued and also gives you ideas to improve quality.

8. ETHICAL PRACTICES Do not break the law and do not engage in immoral acts just for the sake of making money or else you could lose some customers, or have to close your business altogether.

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PLAN

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PART 2: A PERSON WITH A PLAN

Match the business plan with the situation Class Activity

Customer experience and feedback Market Research Finding out competitive advantage Long-Term Financial Projection

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Even though both companies sell shoes, ours are more long-lasting than the competitor We are projecting a loss of 10,000 this month but we will recover before the holiday season

Customers are very happy with the new hot sauce but now they want different flavors.

This new watch is a great fit for people who are working full-time

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

Match the plan with

Class Acti

Customer experience and feedback Market Research Finding out competitive advantage Long-Term Financial Projection

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UNLEASHING THE ENTREPRENEURIAL SPIRIT

e business h the situation

ivity

Even though both companies sell shoes, ours are more long-lasting than the competitor We are projecting a loss of 10,000 this month but we will recover before the holiday season

Customers are very happy with the new hot sauce but now they want different flavors.

This new watch is a great fit for people who are working full-time

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

KEY SKILLS THAT AN ENTREPRENEUR MUST POSSESS 1. CREATIVITY Entrepreneurs need to think outside the box to come up with solutions and generate new ideas for their businesses.

Being creative gives you the ability to adapt, solve problems, and make good decisions.

2. RESILIENCE The economy is unpredictable and many factors can hurt the profits of businesses.

Being resilient helps you to bounce back from failures and keep fighting.

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3. NEGOTIATION & COMMUNICATION SKILLS This includes the ability to negotiate with business partners and investors. when it comes to making deals. Having good communication also allows you to have a good working relationship with your employees.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

KEY SKILLS THAT AN ENTREPRENEUR MUST POSSESS

4. EMOTIONAL INTELLIGENCE Understanding and managing your own emotions, as well as understanding the emotions of others, is key to building relationships and managing conflicts.

Emotional intelligence is a key component of being a good leader.

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5. TIME MANAGEMENT A good entrepreneur is always good at juggling multiple tasks and responsibilities. Good time management leads to maximum productivity.

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PART 2: A PERSON WITH A PLAN

The Art of

Class Discussi

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Negotiation

ion Time

3 mins: Prep 1 min: Speak

Rules A new gadget is out on the market and you want to purchase it. You ask your parents but they refuse as you scored badly on a test.

How would you negotiate with your parents so that they buy the gadget for you?

Guidelines 1. Think of things they want from you that you can offer for the negotiation to be effective.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

Let's Get Metaphorical Skill-based Training

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What is a metaphor?

A metaphor is a figure of speech that compares two unrelated things by asserting that one thing is another. It is a way of describing something by associating it with something else that is more familiar.

Why do we use it?

Metaphors are used to make language more colorful fun and expressive. They help us understand something vague by drawing comparisons with something easier to grasp.

For example: 1. Original statement: This person is very strong.

2. With metaphor: This person is as strong as an ox.

In this example, the person’s strength is being compared to an ox, suggesting that their strength is as overwhelming as an ox.

1. It's impossible to find the criminal in such a huge crowd.

2. Finding the criminal in this crowd is like finding a needle in a haystack.

In this example, we are describing how difficult a task it is to find the criminal in a huge crowd. A needle is a very tiny object and impossible to find when put in a haystack.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

Activity Use the appropriate metaphors here to make sentences more colorful Statement: 1. Her brain works very fast 2. Her brain is as fast as a ________ (think of an animal or a super fast object).

3. The theater audience is very quiet today.

4. The crowd is as silent as a ______________.

(Think of a place or a very silent event) 5. He seems extremely happy today.

6. He is as happy as someone who just _____________. (Think of an event that might make a person very happy).

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UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

COMMON METAPHORS Hit the nail on the head To precisely solve a problem The police commissioner’s new anti-theft policy hit the nail on the head.

Actions speak louder than words

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The Ele in the

An obvious issu that is bein

Even though t apartment, pipe is like a in the

Bite bul

Emphasizes that actions are more meaningful than words

Face a d situation wi

When it comes to protecting the environment, actions speak louder than words.

Even thoug tough target, bullet and gi

UNLEASHING THE ENTREPRENEURIAL SPIRIT

S AND THEIR MEANING

ephant Room

ue or problem ng ignored

they fixed the the broken an elephant room.

the llet

difficult ith courage

gh this is a , let's bite the ive it our all.

Don’t cry over spilled milk Advice to not dwell on past mistakes and move on

Yes, he left the partnership so it's best to not cry over spilled milk.

All that glitters is not gold Cautions against judging something only by its appearance.

If there is one thing I have learned the hard way it's that all that glitters is not gold.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 2: A PERSON WITH A PLAN

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Metaphor

Meaning

Hit the nail on the head

To precisely solve a problem

The Elephant in the Room

An obvious issue or problem that is being ignored

Don’t cry over spilled milk

Advice to not dwell on past mistakes and move on

Actions speak louder than words

Emphasizes that actions are more meaningful than words

Bite the bullet

Face a difficult situation with courage

All that glitters is not gold

Cautions against judging something only by its appearance.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

Swap it out Activity Time

5 mins: Prep 2 mins: Speak

Rules You’ll be given a few sentences below and we want you to rephrase them again to include metaphors Guideline: Refer to the common metaphors list above for help.

Sentences: 1. The coach could not have been more accurate with his player strategy at halftime.

2. Even though it's painful, we need to continue to go to the gym every day.

3. We lost the match fair and square so we should stop sulking and think ahead.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 3

AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

Is it worth it?

Warm-up Activity

Introduction to Entrepreneurship The Reverse Brainstorming Game Activity

An Uphill Battle (Metaphor)

Challenges faced by entrepreneurs in different types of businesses How governments can help entrepreneurs Why governments want to encourage more entrepreneurs

A Person With A Plan

How to make a business successful Key skills required to become a top entrepreneur

Let’s Get Metaphorical

Skill Based Training

Welcome to the Shark Tank Main Activity

Is it worth it?

Warm-up Activity

PART 1

PART 2

Introduction to Entrepreneurship

The Re Brains

Activit

A Person With A Plan

How to make a business successful Key skills required to become a top entre

An Uphill Battle (Metaphor)

PART 3

Challenges faced by entrepreneurs in di How governments can help entrepreneu Why governments want to encourage m

PART 3

AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

everse storming Game

ty

epreneur

Let’s Get Metaphorical

Skill Based Training

ifferent types of businesses urs more entrepreneurs

Welcome to the Shark Tank Main Activity

PART 3: AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

AN UPHILL BATTLE: CHALLEN

LIMITED ACCESS TO CAPITAL The supply chain is the entire process through which a product is made, starting from collecting raw materials to the end of production. Many events happen that are beyond the control of entrepreneurs and disrupt the supply chain process. The impacts of disruption are usually higher costs for production and lesser availability of resources. War and natural disasters are just a few examples

VOLA ECON

The supply chain is through which a starting from collect the end of produc happen that are be entrepreneurs and chain process. The im are usually higher c and lesser availabilit and natural disast exam

1. The War in Ukraine has disrupted the global supply of o 2. E-commerce giant Amazon has already captured 30% o companies out of business.

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NGES OF ENTREPRENEURSHIP

ATILE NOMY

s the entire process product is made, ting raw materials to ction. Many events eyond the control of d disrupt the supply mpacts of disruption costs for production ty of resources. War ters are just a few mples.

DISRUPTION IN THE SUPPLY CHAIN When the economy is struggling, people don’t have money to invest or buy goods that are not a necessity. This leads to businesses suffering losses as people are trying to save up money.

oil and gas in many regions, leading to price hikes. of India’s e-commerce market putting many local e-commerce

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 3: AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

AN UPHILL BATTLE: CHALLEN

ACCESS TO MARKETS Entrepreneurs often struggle to get access to new markets due to barriers like tariffs, protectionist measures, and language and cultural barriers. It is also expensive to set up a business in a new market due to expenses such as buying a license and building a factory/warehouse.

Tariffs: tax introduced on foreign goods by governments to reduce imports Protectionism: an economic strategy that focuses on protecting local industries by making imported goods expensive or by not allowing them entry

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NGES OF ENTREPRENEURSHIP

FOREIGN COMPETITION Local entrepreneurs struggle to cope with competition from large international companies due to their low cost of production and greater marketing and brand value.

If you were an entrepreneur, which of the challenges would seem the easiest to overcome for you?

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PART 3: AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

HOW DO GOVERNMENTS OVERCOME SOME OF

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FINANCE

LAWS AND LEGISLATIONS:

Entrepreneurs often struggle to get access to new markets due to barriers like tariffs, protectionist measures, and language and cultural barriers. It is also expensive to set up a business in a new market due to expenses such as buying a license and building a factory/warehouse.

Governments can make business-friendly policies such as tax breaks for startups and lower permit fees. This fosters an environment that encourages new business

UNLEASHING THE ENTREPRENEURIAL SPIRIT

S HELP ENTREPRENEURS THESE CHALLENGES?

TRAINING AND EDUCATION: Government programs to increase training for workers result in a more qualified labor force which leads to more efficient businesses.

INFRASTRUCTURE DEVELOPMENT: Developing roads, bridges, and highways allows entrepreneurs to gain access to multiple locations around the country where they can set up their businesses.

Government policies play a key role in creating a healthy business environment.

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 3: AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

HOW DO GOVERNMENTS OVERCOME SOME OF

JOB CREATION Entrepreneurs create a business that creates jobs.

This means lower unemployment rates.

INCREASE INCOME FOR GOVERNMENT: More businesses and more income earners means that governments will receive greater revenue from taxing all of these units.

Imagine you are t your country, whi will tempt you the encourage more e

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S HELP ENTREPRENEURS THESE CHALLENGES?

REGIONAL DEVELOPMENT:

ATTRACT FOREIGN INVESTMENT:

Promoting entrepreneurs in rural areas can rejuvenate those areas with economic activity and increase the quality of life for people in those areas.

Investors will be more willing to invest in countries with a strong entrepreneurial environment. This leads to greater levels of international cooperation with not just investors but foreign governments as well..

the finance head of ich of these 4 reasons e most to try and entrepreneurship?

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 3: AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

Welcome to the Shark Tank Main Activity Time

3 mins: Prep 1 min: Speak

Rules 1. Grab the most interesting object that you can find in your room.

2. Now show everyone the object.

3. Everyone else in this call is an investor. You have 1 minute to convince them that they should invest in your business.

Here are a few things you can refer to while making the speech.

1. Try to have a catchy intro, one that instantly catches the investor’s attention. Use facts/figures, jokes, etc.

2. Introduce your product, and tell us why it's unique 3. Try to use metaphors to make it colorful 4. A strong ending urging them to invest Some metaphors you can use about making people rich: Planting seeds of wealth Fishing for prosperity Turning the wheel of fortune

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Hi Investors! My name is _______ and today I am here to make you richer than my aunt’s chocolate cake.

My product is a digital watch. People say that there is nothing more valuable than time so imagine owning a machine that tells time itself.

Not only is it useful, it makes you look as cool as a cucumber.

If you want something that serves a purpose and makes you look good while doing it you have to invest in this watch.

Sample Speech

UNLEASHING THE ENTREPRENEURIAL SPIRIT

PART 3: AN UPHILL BATTLE: CHALLENGES OF ENTREPRENEURSHIP

IT'S TIME FOR SOME FEEDBA ON YOUR ACT The feedback will cover: 1. Were you charismatic enough to capture the investor’s attention?

2. Did you use metaphors well?

3. Were you able to convince the investor that your product is useful?

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UNLEASHING THE ENTREPRENEURIAL SPIRIT

R ACK TIVITY.

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RECAP

1. Entrepreneurship is the process of identifying, creating, and developing new business ideas or opportunities 2. People choose to become entrepreneurs as it gives them more freedom with their time and more lucrative financial returns.

3. Even though being an entrepreneur has its benefits, many people prefer the stability and security of a regular job.

4. Social Entrepreneurs are people who establish and operate businesses with the primary goal of creating a positive social impact.

5. A good business plan requires a solid marketing strategy and financial planning as well as many other things.

6. An entrepreneur must be creative, resilient, and good at negotiating.

7. Governments try to help entrepreneurs by making protectionist laws as well as building infrastructure.

8. Governments benefit from entrepreneurs as they create jobs.

9. You can use metaphors to make your language more colorful and expressive.

PUBLIC SPEAKING & DEBATE | SENIOR CLASS LEVEL 1

THANK YOU! EXCITED TO SEE YOU ALL NEXT WEEK!

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