Micro Business for
Teens: Starting a
Micro Business
Workshop
Presenter Carol Topp, CPA
What is a Micro Business?
Simple and fast
start-up
One owner
Little start-up
money
Low risk
What is a Micro Business?
Manageable
Home based
Easy to close
down
Purpose to learn
and earn
Advantages
Learn a lot
Business, writing, math
and speaking skills
Money and time
management
Confidence
Test a future career
Make money
Getting an Idea
Fill a need
Consider
skills,
abilities,
interests
Getting
an
Idea
Use
others’
ideas
Services
Products
cake-pops
candy
cake-decorating
crafts
candles
Shoes
skirts
digital-photos
costumes
cooks
ebooks
CDs
apps
doggie-treats
toys
Exercise: Page 2
Think of needs you see
List your skills, interests,
talents, etc.
Brainstorm a business idea
List 5 good business ideas
Make a Plan
Concept
The product or service
How to measure success
Marketing
Potential Customers
The competition
How you will stand out
Financial
Cost
Price to customers
Example: Emily's Piano Lessons
Concept
Service: Piano lessons
Measure Success: 5 students & experience
Marketing
Potential Customers: Beginning students
Competition: Experienced teachers
Uniqueness: Charge half the competition
Financial
Cost: Books, rewards $25/year
Price to customer: Price $8 per 30 minute lesson
Exercise: Pages 3 and 4
Create a Business Plan
Fill in the Concept portion
Fill in the Marketing portion
Start the Financial portion
Mini Market Survey: Page 3
Sales Presentation
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•
•
•
•
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Briefly describe your product or service
2-3 main benefits
Tag line
Price
Contact information
Call to action
“Do you dream of becoming a Jedi knight?”
Price $50-$75
Brochure with phone & email
“Give me a call to book your party!”
Exercise: page 5
Write a tag line
Write up a sales presentation
Give your sales presentation to
someone
MicroBusinessForTeens.com
Books
Video
Podcast
Coming soon! Fast Start Program
with books, audios and video all
available immediately online