Entrepreneurship Video

00:06:43 754 words

here Yesterday I was so bored. I was just trying to think of something to do when my mum came in. She can be quite nosy, you know. She asked me what was wrong. I have nothing to play with I said. Mom looked a bit confused. She said Jamal you are surrounded by toys. We actually don’t have any room in the cupboard for any more. Look at this. It hasn’t even been used jigs claimed. I tried to explain I said I know there are lots of toys here, but I don’t want to play with them anymore.

But mum was not convinced. She said Well, we need to work out what to do because we can’t bring more things in. I thought hard. Hmm. What can I do to solve this problem? I’ve got it I shouted I had a great idea. I would set up a toy swap club with my friends people could give me toys they want to swap. And then in return they choose one to take home dad and I could even try to fix up some of the toys that are broken and sell them.

Mum, thought it was a great idea, too. And write little entrepreneur. He said I had never heard of that. I asked my mom to explain. She said an entrepreneur is someone becomes up with a business idea to hopefully make them money. That sounded very cool to me, but then came to responsible part mum said because it’s your idea. You hold all the responsibility and you make all the money. But it can be a risky job. Lots of entrepreneurs are not successful first time and you could lose a lot of money if it doesn’t work out.

But I was confident my idea was good. I would not lose money. I knew mum was about to start with her usual questions. She said but how pay for the materials to fit broken toys hmm I suggested that perhaps mom could give me them. But she said not for free you will need some Capital to get you going. London or Madrid popped into my head. Mom laughed she knew what I was thinking. She said no Capital means money. You will need some money to help you get going to pay for materials.

advertising and paying employee Maybe I could use some of my pocket money I had been saving. Mom had some more advice. She said if you want to be an entrepreneur, you have to plan your idea. Really well and try to think of any problems you might encounter. I was starting to think that maybe I should just keep my toys, but then I wouldn’t make any money. Mom also said you also have to be great you have already thought of a very original idea. You need to think if there’s a market for your idea like a farmer’s market I thought mum laughed she meant would people be interested in swapping their toys and buying fixed toys.

I would stop by asking in school. Mom said that was called market research. She said I think you should come up with your pitch myself and my colleague will meet you back here in one hour to go over your ideas. I ran off to get ready. I want to create a good pitch. I launched my pitch. Welcome sir and Madam. I am here to make a pitch for my business idea. I will invite friends to donate old toys, which we will fix and resell for profit.

We will also swap on Wanted toys as we all know kids get sick of toys very quickly, Mom and Dad seem to be interested. so I continued I will only need one employee. I pointed to Dad. He is a master toy fixer upper and doesn’t charge very much. Maybe just some chocolate or I could do some extra drawers as payment. Dad seem to agree. I told them the next part of my plan. I will create some posters to put up in school for advertising and I already have some old toys ready to fix.

Mum, and dad were really impressed. All I need for my savings is 20 pounds to pay for blue. Paint and chocolate for my employee. I was a bit nervous. I wasn’t sure if I had a convinced them. We are in they shouted and I’ve been working ever since. I’m a real entrepreneur. Now. Hehehe.