I was not in class today, as I had to take my daughter to an appointment.
I am assuming the following was completed (worked on) in class today:
Worksheet "Empire and Exploration"
Ch.16 Section III Review Questions (1-4)
"Entrepreneur of the Year" assignment (hard copy handed out in class)
Entrepreneur of the Year
Imagine that you are an entrepreneur living during the 1600’s. Invent a way in which you can make profits by using your capital and talents. Please read Ch.16 in your textbook (pg.406-407 focuses on entrepreneurialism). Feel free to do any additional research on your own.
Your mission is to write an informal proposal for your new invention/business. Your proposal must demonstrate your knowledge of entrepreneurship and should contain the following information:
• Introduction to your business opportunity (Brief description, background information)
• Distinctive features of your product/service/business (what makes it unique)
• Key marketing strategies (How will you market your product? How will you get people to buy/use your product? Advertisements?)
• Target Audience (Who will buy your product/use your service? etc.)
• Financial Requirements (How much money will it potentially take to get your product/business started?)
**To be successful in this assignment you must define your target audience(ie: traders, other entrepreneurs, bankers, navigators, cartographers, merchants, religious leaders, slaves, etc.) and determine whether your product/business will be useful to them.
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