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ATB -Read Did you Know?

ATB -Read Did 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 1.3. Identify Opportunities. Investigate Opportunities.

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ATB -Read Did you Know?

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  1. 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.

  2. Lesson 1.3 Identify Opportunities

  3. Investigate Opportunities Compare Different Opportunities • Is there a market for my product or service? • How much money will it take to start? • How many hours a week will it take? • What are the risks associated with this type of business? • Does my background prepare me to run this kind of business? • How much money could I make running this type of business?

  4. Setting Goals Financial Goals • How much money can you make? • Be realistic; goal should be easily attainable Non-Financial Goals • Independence? • Personal Satisfaction?

  5. Business Math Connection • Mo Yang’s mail order business. Page 16

  6. 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?

  7. Why are Financial Goals Important?

  8. Chapter 1 Review QuizOpen Book • Entrepreneurship Page 18-21 • Questions: • 1-12 and 23

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