Activity 3: Forum
Welcome back, creative entrepreneurs! Now that you've learned about the three main categories of business objectives, it's time to put your newfound knowledge into action.
Instructions:
Choose two discussion topics from the following list that pique your interest.
Post a thoughtful response to your chosen topics in the forum.
Engage with your classmates' posts! Ask questions, share insights, and build a vibrant discussion about how these objectives apply to your creative ventures.
Topic 1 Bootstrapping Your Dreams:
Can you start a business with no money? Why or why not? (Discuss alternative funding methods like bartering, crowdfunding, or offering services in exchange for resources.)
What are some low-cost or no-cost business ideas for creative entrepreneurs? (Brainstorm ideas that leverage existing skills and resources.)
Topic 2 Beyond the Bottom Line:
Should a business always need to make money? Why or why not? (Explore the concept of social impact and non-profit businesses.)
What is the difference between a for-profit and non-profit business?
How do they make money (or not)? (Discuss how non-profits operate through grants, donations, fundraising events, etc.)
Topic 3 Real-World Examples:
Can you think of some examples of successful businesses that started with little to no money? (Research bootstrapped businesses like Warby Parker or Dollar Shave Club.)
How do some non-profit organizations use creative ventures to raise awareness and funds for their cause? (Research examples like charity merchandise or social enterprises.)
Topic 4 The Gig Economy:
What is the gig economy? How does it differ from a traditional job market? (Discuss the rise of freelance work, temporary contracts, and online platforms connecting businesses with independent workers.)
Can the gig economy be a viable option for creative entrepreneurs? What are the benefits and drawbacks? (Explore flexibility, income potential, lack of benefits, and finding steady work.)
Topic 5 Additional Prompts:
What are the biggest challenges of starting a business with limited resources? (Discuss overcoming obstacles like marketing, securing funding, and managing finances.)
What resources are available to help aspiring entrepreneurs with limited financial resources? (Explore government grants, business incubators, and online resources.
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