ATB -Read Did you Know?

ATB-ReadDid you Know? Financial goals should include how much money you want to earn from your business. Setting specific financial goals will help you determine if your business idea will make the profits you want.

Lesson 1.3Identify

Opportunities

Investigate Opportunities

Compare Different Opportunities1. Is there a market for my product or service?2. How much money will it take to start?3. How many hours a week will it take?4. What are the risks associated with this type of

business?5. Does my background prepare me to run this kind of

business?6. How much money could I make running this type of

business?

Setting Goals

Financial GoalsHow much money can you make?Be realistic; goal should be easily attainable

Non-Financial GoalsIndependence?Personal Satisfaction?

Business Math Connection

Mo Yang’s mail order business. Page 16

Make Connections

You live near the beach and have a passion for snorkeling. Your dream is to give snorkeling lessons. You estimate that you can earn $10 per lesson. Your income goal is $15,000 per year. How many lessons do you need to give to achieve this goal? Is this goal realistic?

Why are Financial Goals Important?

Chapter 1 Review QuizOpen Book

Entrepreneurship Page 18-21Questions:

1-12 and 23