Almost everything we do in our daily lives has a connection to a business and this book, the latest in a very valuable series, tells readers everything they need to know about how businesses work, leaving them in a good position to one day start their own.
Using the example of buying and selling yoyos (at a profit) it first explains the concept of entrepreneur, then demonstrates the importance of research and understanding your market and outlines, simply but clearly, principles of profit and loss. There are pages on capital and how to get it, on drawing up a business plan, and it introduces readers to two young and successful entrepreneurs as proof it can be done.
While the authors point out that success isn’t guaranteed – indeed, 60% of new businesses fail in their first three years - if you absorb the information presented in this engaging, well-thought-out book, you’ll be well on your way to a rewarding career in business.
In this book, readers will be introduced to the world of entrepreneurs and business. How do you start a business? What are market research, business plans, and profit and loss? What makes a successful business person and what happens if your business fails? The book includes activities, discussion points, and a quiz to help readers become savvy, money-aware young people
Also available as part of the Money and You 6-book set
Anna Young is a business development manager for an accountancy and bookkeeping company in the UK. Anna is passionate about ensuring young people have good financial skills.
Joanne Bell is the Managing Director and owner of an accountancy and bookkeeping company in the UK. Jo is passionate about financial literacy and helping people manage their money.