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Business Plan
A document that describes a new business, its goals, and how it will achieve them.

Entrepreneur
A person who starts a business and takes risks to make money.

Startup
A new business, usually small and just beginning.

Target Market
The group of people that a business wants to sell its products or services to.

Revenue
The money a business earns from sales.

Expenses
The money a business spends to operate.

Profit
The money left after subtracting expenses from revenue.

Marketing
Activities to promote and sell products or services.

Investment
Money put into a business to help it grow.

Product
The item or service a business offers to customers.

Competition
Other businesses that sell similar products or services.

Pitch
A short presentation to explain a business idea.

Budget
A plan for how much money will be spent and earned.

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A SWOT Analysis is a simple tool to understand a business idea better.
It helps you think about 4 important things:

S – Strengths: What your business does well. (💪 What makes it special?)

W – Weaknesses: What can be improved. (🔧 What is missing or not strong?)

O – Opportunities: Good things that could help your business. (🌟 New trends, technology, demand…)

T – Threats: Things that could be a problem. (⚠️ Competitors, laws, prices…)

It helps you plan better and be ready for challenges!

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🎥 Watch this! A young entrepreneur presents her business idea

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🎥 Watch this! A young entrepreneur presents her business idea

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This short video shows a young girl presenting her own business on Shark Tank.
👉 Pay attention to how she explains her product, how she speaks with confidence, and how she answers questions.

💬 Think about this while watching:

What is her product?

Who is her target market?

What makes her business unique?

Would you invest in her idea? Why or why not?

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Shark Tank US | 10-Year-Old Entrepreneur Wows Sharks With Her Baby Spoon Product